Taiwan Semiconductor to announce $100 billion investment in U.S. chip manufacturing plants

C.C. Wei, TSMC Group CEO, stands on the future site of a chip factory under the name European Semiconductor Manufacturing Company (ESMC) during a symbolic ground-breaking ceremony. President Donald Trump is expected to announce a $100 billion investment from Taiwan Semiconductor Manufacturing to bolster chip manufacturing over the next four years in the U.S, NBC has learned. The Wall Street Journal first reported the news. TSMC, which supplies semiconductors to the likes of Nvidia and Apple for artificial intelligence use, would help support the Trump administration's efforts to make the U.S. an artificial intelligence hub. Last month, Trump announced a multibillion-dollar AI infrastructure project with Oracle , OpenAI and Softbank. Trump has repeatedly called out and accused Taiwan of stealing the U.S. chip manufacturing business and touted tariffs on semiconductor imports. The company's finance chief Wendell Huang told CNBC in January that he was confident the new White House adm ... Read full article.