'Music to our ears': Qualcomm CEO welcomes TSMC's $100 billion investment to boost U.S. chipmaking

In this article QCOM 2330-TW Follow your favorite stocks CREATE FREE ACCOUNT watch now Taiwan Semiconductor Manufacturing Co. 's $100 billion commitment to expand manufacturing in the U.S. is "great news," Qualcomm CEO Cristiano Amon told CNBC on Tuesday, adding it helps with diversification of chipmaking locations. Amon also addressed U.S President Donald Trump's tariff policy, suggesting longer term technology trends would outweigh any short term uncertainty. Trump announced on Monday that TSMC would invest $100 billion in the U.S. which would go toward building more chip fabrication plants in Arizona. TSMC is the world's largest semiconductor manufacturer and supplies chips to the likes of Qualcomm, Apple and Nvidia . The U.S., under leadership of both Trump and former President Joe Biden, has sought to bring more cutting-edge chip manufacturing to American soil on the grounds that it is a matter of national and economic security to have these advanced technologies made closer t ... Read full article.