TSMC is investing an additional $100 billion into semiconductor manufacturing in the US

Taiwan Semiconductor Manufacturing Company (TSMC), the world's top semiconductor manufacturer, has pledged to invest another $100 billion over the next four years to boost advanced semiconductor manufacturing in the United States. The company's chairman and CEO C.C. Wei has announced its expanded investment in the US at the White House with President Donald Trump. TSMC was originally going to invest $40 billion into building chip-making facilities in Arizona, which it then raised to $65 billion after it was announced as a CHIPS Act recipient getting $6.6 billion in grants under the Biden administration. This announcement is for an additional $100 billion, bringing the company's total planned investment to $165 billion. TSMC called it "the largest single foreign direct investment in US history." During the announcement at the White House, Trump reportedly said that his threat to impose new tariffs on chip imports prompted TSMC to invest more into its US manufacturing efforts. The presi ... Read full article.