TSMC and Trump Announce $100 Billion U.S. Semiconductor Expansion
In a landmark move to bolster U.S. semiconductor manufacturing, Taiwan Semiconductor Manufacturing Company (TSMC) has announced a $100 billion investment to construct five new facilities across the United States. This initiative, unveiled by TSMC CEO C.C. Wei alongside President Donald Trump at the White House, includes three advanced chip fabrication plants, two packaging facilities, and a significant research and development center.
The investment aims to reduce U.S. reliance on Asian semiconductor production, addressing national security concerns and strengthening domestic supply chains. President Trump emphasized the strategic importance of this development, stating, "We must be able to build the chips and semiconductors that we need right here."
This expansion builds upo...