Taiwan Semiconductor Manufacturing Company on Monday said it would invest $100bn in the US, boosting capacity in the country in a move designed to placate President Donald Trump and head off threatened tariffs on chip imports.
In a news conference with TSMC chief executive CC Wei, Trump said the world’s largest chipmaker would invest “at least” $100bn in state-of-the-art chip fabrication plants in Arizona. He said the investment was in addition to the $65bn that TSMC had previously pledged to invest in the US.
“This will create hundreds of billions of dollars in economic activity and boost America’s dominance in artificial intelligence and beyond,” Trump said, adding that the investment would create 20,000-25,000 jobs.
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