Apple chipmaker TSMC committing $100 billion to US expansion: report

Last week, Apple announced plans for $500 billion of investment in the US economy over the next four years. Now, key partner TSMC looks set to make its own pledge. Per The Wall Street Journal, TSMC is committing $100 billion to US manufacturing expansion in the next four years, with a formal announcement coming this afternoon. TSMC plans to invest heavily in US chip-making facilities Yang Jie, Meridith McGraw and Asa Fitch write for The Wall Street Journal: Taiwan Semiconductor Manufacturing Co. intends to invest $100 billion in chip-manufacturing plants in the U.S. over the next four years under a plan expected to be announced later Monday by President Trump, according to people familiar with the matter. The investment would be used to build out cutting-edge chip-making facilities. Such an expansion would advance a long-pursued U.S. goal to regrow the domestic semiconductor industry after manufacturing fled largely to Asian countries in recent decades. It’s unclear from the WSJ’s ... Read full article.