Trump Announces $100 Billion Investment from Top Semiconductor Manufacturer
By Morgan Sweeney | The Center Square
(Worthy News) – A week after Apple’s $500 billion record U.S. investment announcement, President Donald Trump announced Monday that Taiwan Semiconductor Manufacturing Co. plans to invest at least $100 billion in the U.S. over the next four years as well.
The company is a global market leader in semiconductor manufacturing and is adding onto the $65 billion it has already invested in facilities in the U.S. Semiconductors have specific conductive properties and are used in nearly all electronics manufacturing. The announcement is aligned with Trump’s efforts to bring more manufacturing to the U.S.
“In total, today’s announcement brings Taiwan Semiconductor investments to about $165 billion – they’ve started already – among the largest new foreign direct investments in the United States,” Trump said.
Trump said the company’s investment commitment was important for America’s economic and national security.
“Semiconductors are the backbone of the 21st-century economy and really, without the semiconductors, there is no economy, powering everything from AI to automobiles to advanced manufacturing,” Trump said. “We must be able to build the chips and semiconductors that we need right here in American factories with American skill and American labor, and that’s exactly what we’re doing.”
The additional $100 billion will go toward building five state-of-the-art fabrication facilities and employing thousands of workers in high-paying jobs, according to company president C.C. Wei.
“This continues the most incredible path you’ve ever seen in these first weeks and months of the Trump administration of incredible manufacturing coming to America,” said David Sacks, Trump’s ‘AI and crypto czar.’
Sacks mentioned that the company had invested $65 billion in U.S. semiconductor manufacturing under the Biden administration with a $6.6 billion grant.
“America gave TSMC 10% of the money to build here,” Sacks said, “and now you’re seeing the power of Donald Trump’s presidency because TSMC… is coming to America with $100 billion investment.”