Taiwan Semiconductor Manufacturing Co. (TSMC), the world's biggest semiconductor manufacturer, plans to invest $100 billion in the United States, in addition to the $65 billion it had previously announced, President Donald Trump announced Monday.
This move aligns with Trump's broader push to boost investments in American manufacturing. The investment will support the development of three new advanced chip plants, expanding beyond TSMC's existing facility and two ongoing projects in Arizona. The expansion is expected to generate tens of thousands of jobs, CNN reported.
