What TSMC's $165 billion investment in the US may mean for the chip industry

Taiwan Semiconductor Manufacturing During a press conference at the White House Monday, US President Donald Trump and Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest chip manufacturer, announced that TSMC will spend $100 billion in the US in coming years to build multiple chip factories, on top of $65 billion already committed to US investment. TSMC, in a press release, billed the combined $165 billion investment as the "largest single foreign direct investment in US history." The spending is expected to focus on "advanced technologies," which could be taken to include chips for artificial intelligence, which has largely been done by TSMC in its Taiwan factories until now. TSMC serves just about every chip maker in the world, including producing the most powerful chips from Nvidia for AI, the Hopper and Blackwell GPU chips. Also: Intel touts new Xeon chip's AI power in bid to fend off AMD, ARM advances Trump said the move means "The most powerful AI chips in ... Read full article.