Trump announces $100 billion investment in U.S. from TSMC, calls it 'most powerful company' in 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 $100 billion into bolstering chip manufacturing in the U.S., President Donald Trump announced Monday. The president called the investment a "tremendous move by the most powerful company in the world." The new capital brings TSMC's total investment in the U.S. to $165 billion and will go toward building five new fabrication facilities in Arizona. The announcement from TSMC, which supplies semiconductors to the likes of Nvidia and Apple for artificial intelligence use, supports the Trump administration's ongoing 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. He's also made numerous calls to bring semiconductor production back to the U.S. after ... Read full article.