TSMC Announces $100 Billion Investment for Five New Chip Plants in the US
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, has announced a $100 billion investment plan to establish five new semiconductor fabrication plants in the United States. The announcement was made by TSMC CEO C.C. Wei on Monday during a meeting with President Donald Trump at the White House, according to Reuters.
TSMC is a key supplier to major American tech companies, including NVIDIA, Qualcomm, and AMD. Under the new investment plan, the company will build three chip fabrication plants, two advanced packaging facilities, and a large research and development center in the United States. This initiative aims to boost domestic semiconductor production and reduce dependence on Asian manufacturers.
According to TSMC, the project is expected to create 40,000 construction jobs over the next four years. However, following the announcement, TSMC’s Taiwan-listed shares fell by 2.25% on Tuesday, reflecting investor concerns over higher production costs in the United States.
President Trump welcomed the investment, calling it crucial for national security. He stated, "We must be able to manufacture the chips and semiconductors we need right here in the United States." The announcement aligns with his administration’s commitment to strengthening American industry and job creation.
