TSMC announces extra $100 billion investment in US chip manufacturing, bringing total to $165 billion

What just happened? TSMC and President Trump have announced that the semiconductor giant will invest an extra $100 billion in the United States' chip manufacturing industry, adding to a previous $65 billion commitment. The money will go toward building new chip facilities and an R&D center, creating 40,000 construction jobs and tens of thousands of "high-paying, high-tech jobs" over the coming years. TSMC says the $165 billion investment across four years represents the largest foreign direct investment in US history. The company's expansion plans include three new chip fabrication plants and two advanced packaging facilities in in Arizona, along with a major research and development centre. The company had previously announced three of these facilities. Trump called the investment a "tremendous move by the most powerful company in the world." "We must be able to build the chips and semiconductors that we need right here," Trump said. "It's a matter of national security for us." TS ... Read full article.