
Chipmaking giant Taiwan Semiconductor Manufacturing Company has announced plans to invest at least $100 billion in expanding its United States manufacturing operations. The announcement was made by President Donald Trump at the White House, with the firm's CEO C.C. Wei, Commerce Secretary Howard Lutnick, and White House AI and Crypto Czar David Sacks in attendance.
The investment is part of a larger initiative by Trump to encourage investments in American manufacturing. The funds will be used to build five advanced chipmaking facilities in Arizona, which is expected to create thousands of jobs.