The Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in U.S. manufacturing capacity “over the next short period of time,” President Donald Trump announced today.
TSMC CEO C.C. Wei, who joined Trump at the White House for the announcement, also revealed the company will build two new facilities in Arizona. TSMC is already in the midst of building three chip plants in the state.
TSMC has previously pledged to invest $65 billion in the three facilities, bringing its total U.S. capital investment to $165 billion.
The president noted that the new investments will create “many thousands of jobs.”
TSMC, which manufactures chips for industry heavyweights like Nvidia, is the world’s largest contract semiconductor maker.
The company was awarded $6 billion in funding under the CHIPS and Science Act. TSMC confirmed in January that it began high-volume production at its first Arizona fab in Q4 2024.
The investment could further strengthen President Trump’s plan to build out the U.S. manufacturing industry, a key tenet of his domestic policy agenda. While critical of the CHIPS Act, Trump has been vocal about his desire to bolster U.S. manufacturing and lessen reliance on chip imports.
“Semiconductors are the backbone of the 21st centry economy, and really, without the semiconductors, there is no economy, powering everything from AI to automobiles to advanced manufacturing,” Trump said.
The president was joined at the White House by Wei, Commerce Secretary Howard Lutnick and cryptocurrency czar David Sacks.
Through the investment, TSMC could gain an even more dominant position in the global semiconductor manufacturing ecosystem. It currently only produces its most advanced chips in Taiwan, but this move could bring some of that production to the U.S. to manufcature artificial intelligence chips.
TSMC is the second major manufacturer to announce a large-scale U.S. investment in recent days. Last week, Apple announced plans to invest more than $500 billion in domestic manufacturing, including the construction of a new production facility in Houston.
The investments come as Trump imposes a new tariff regime that includes widereaching tariffs on the country’s top trade partners. Last month, the president said that 25% levies on semiconductors could also take effect as soon as April 2.
“This is a tremendous move by the most powerful company in the world,” Trump said. “It’s a matter of economic security. It’s also a matter of national security.”
