TSMC’s $100 billion U.S. investment won't shake up the supply chain: ‘Most of TSMC’s capacity is still in Taiwan’

(Credit: Andrew Harnik—Getty Images)

In his 90-minute address to Congress, President Donald Trump celebrated TSMC’s pledge to invest $100 billion in the U.S. as proof that his “America First” investment plan was working. 

The chipmaker’s investment pledge came after Trump threatened to place tariffs on chips from Taiwan, which the president regularly accuses of stealing the U.S.’s chip business. And in his congressional address, Trump credited his tariff threat—and not subsidies put into place by previous President Joe Biden—for TSMC’s decision to invest more in the U.S.