Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

TSMC Unveils $100 Billion in New US Investment, Joined by Trump

Mar 03, 2025 - financialpost.com
Taiwan Semiconductor Manufacturing Co. (TSMC), the leading producer of AI chips, announced a $100 billion investment in US plants to enhance chip production domestically, aligning with President Donald Trump's goal of boosting American manufacturing. This expansion, which began in 2020 during Trump's first term, will increase TSMC's US presence to five plants and is expected to create thousands of high-tech jobs. The investment supports Trump's strategy of using tariffs to encourage domestic chip production, contrasting with the subsidy-focused approach of the previous administration under President Joe Biden.

The announcement comes amid broader technology investments in the US by companies like Apple and Nvidia, which plan to rely on TSMC's new facilities to strengthen the US technology supply chain. However, the investment requires approval from Taiwan's government, which will review outbound investments in advanced chip technology. The move also coincides with Trump's consideration of tariffs on various industries, including semiconductors, to address global trade imbalances. TSMC's plans are part of a broader effort to make the US a leader in AI and semiconductor production, crucial areas in the US-China technological competition.

Key takeaways:

  • TSMC plans to invest an additional $100 billion in US plants to boost chip output and support domestic manufacturing.
  • The investment aligns with President Trump's goal of making the US dominant in AI and increasing domestic manufacturing.
  • The expansion will bring TSMC's US presence to a total of five plants, creating thousands of high-tech manufacturing jobs.
  • TSMC's investment plans require approval from Taiwan's government, and the company is a key partner for Nvidia and Apple.
View Full Article

Comments (0)

Be the first to comment!