Trump announces $100 billion investment in U.S. from Taiwan Semiconductor, calls it 'most powerful company in the world'

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. Taiwan Semiconductor Manufacturing will pour another $100 billion into bolstering chip manufacturing in the U.S. President Donald Trump announced the investment during a press conference Monday, calling it a "tremendous move by the most powerful company in the world." The new capital brings Taiwan Semi's total investment in the U.S. to $165 billion. 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. Th ... Read full article.