TSMC Plans to Invest $100B in US Chip Manufacturing, CEO C.C. Wei and Trump Announce | Global News Avenue

Chip manufacturing giant Taiwan Semiconductor Manufacturing Company (TSM) CEO CC WEI plans to join President Trump on Monday to announce that it plans to invest $100 billion in chip manufacturing facilities in the United States.

The company said it will build three new chip manufacturing plants, two premium packaging facilities and build a R&D center in its Arizona complex, increasing the company’s total investment in the site to $165 billion.

“The world’s most powerful AI chips will be made in the United States,” Trump said in a television press conference. He added: “This is an economic security issue, and it is also a national security issue.”

TSMC is the world’s largest semiconductor manufacturer and expands U.S. production in line with the Trump administration State the goal Ensure that AI chips are designed and manufactured domestically. Trump reiterates plans announced on Monday Tariffs of 25% or more In terms of semiconductors and other imports on April 2. Customs duties in Canada and Mexico will Starting TuesdayTrump said.

TSMC’s first plant begins production in the fourth quarter of 2024 In a conversation recently Production of nvidia (NVDA) Blackwell chips. The company’s website says the two factories currently under construction are expected to start production in 2028 and start production “at the end of the decade.”

The complex was awarded $6.6 billion With federal funding in 2024 Bargaining chips and scientific methodIt is a 2022 legislation backed by then-President Biden that specifies more than $50 billion in investment in semiconductor research and manufacturing facilities in the U.S.

TSMC’s U.S. listed stock fell 4% on Monday as NVIDIA and others Artificial intelligence and chip stocks are lost Amid concerns about tariffs and policies along the way to export of chips.