TSMC, Trump Announce $100B Investment in US Semiconductor Facilities

Taiwan Semiconductor Manufacturing Corp. mentioned it might spend $100 billion on chip manufacturing vegetation within the U.S. at a White Home press convention March 3.

President Donald Trump known as the funding “an amazing factor for our nation and, hopefully, for his firm,” referring to TSMC Chairman C.C. Wei who additionally spoke on the press convention. TSMC mentioned the brand new funding brings its total in the U.S. to $165 billion and can go towards constructing 5 new fabrication services in Arizona.

TSMC provides semiconductors to corporations comparable to NVIDIA and Apple for synthetic intelligence, and Wei mentioned that the funding displays the Trump administration’s deal with making the U.S. an AI chief. Wei additionally thanked each corporations and  different U.S.-based clients, together with AMD, Qualcomm and Broadcom.

“This $100 billion in new funding will go into constructing 5 cutting-edge fabrication services within the nice state that we simply mentioned, Arizona, and can create 1000’s of jobs—many 1000’s of jobs, and so they’re high-paying jobs,” President Trump mentioned.

Wei mentioned the primary of its fabrication services in Phoenix was opened in 2020, and that the corporate would instantly start planning three extra fabs with two extra to comply with within the coming years, all in Arizona. White Home AI and Cryptocurrency Czar David Sacks mentioned “the merchandise that TSMC makes are actually crucial merchandise on this planet. These superior chips energy all the things. They energy AI. They energy your cellphone. They energy your automobiles. And with out them, the entire fashionable economic system would cease.”

In February, Trump introduced a $500-billion knowledge middle funding with Oracle, OpenAI and Softbank, additionally centered on supporting AI. On each the marketing campaign path and through his earlier administration—and like President Biden before him—Trump has known as to convey semiconductor manufacturing again to the U.S. after a lot of the manufacturing business moved abroad. Advancing semiconductor manufacturing within the U.S. is a matter of financial and nationwide safety, Trump mentioned on the occasion.