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Trump to make investment announcement as he meets with CEO of Taiwan giant chipmaker TSMC

Mar 03, 2025 - financialpost.com
President Donald Trump is set to announce that Taiwan Semiconductor Manufacturing Co. (TSMC) plans to invest $100 billion in the United States. This announcement comes as TSMC's CEO meets with Trump. The company, which is the world's largest semiconductor manufacturer and supplies chips to major companies like Apple and Intel, had previously announced a $65 billion investment in the U.S., including three plants in Arizona. It is unclear if the new $100 billion investment includes the previously announced amount. TSMC's first Arizona factory has begun mass production of 4-nanometer chips.

The investment announcement aligns with Trump's strategy to boost U.S. chip manufacturing, contrasting with former President Joe Biden's CHIPS and Science Act, which aimed to revitalize the industry with federal incentives. Trump has criticized such incentives, preferring to impose tariffs on imported chips to encourage domestic production. This move follows a series of investment announcements by major companies, including a $500 billion commitment from Apple and a $20 billion investment by DAMAC Properties in AI infrastructure.

Key takeaways:

  • President Donald Trump is set to announce that Taiwan Semiconductor Manufacturing Co. (TSMC) plans to invest $100 billion in the United States.
  • TSMC has already announced plans to invest more than $65 billion in the U.S., including three plants in Arizona.
  • The investment announcement comes amid Trump's criticism of the CHIPS and Science Act and his preference for imposing high tariffs on imported chips.
  • TSMC's CEO plans to meet with Trump, but details of the investment were not immediately clear.
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