TSMC has announced a significant $100 billion investment to establish five new factories in the US, aimed at increasing domestic chip production. Following a meeting with President Trump, TSMC CEO CC Wei stated the investment is critical for national security, reflecting the urgency to reduce reliance on Asian manufacturers. This investment adds to TSMC's previous commitment of $65 billion and aligns with the goals of the CHIPS and Science Act, which seeks to revitalize the US semiconductor industry post-pandemic while navigating the complexities of geopolitical tensions and supply chain vulnerabilities.
During a meeting at the White House, TSMC's CEO CC Wei revealed the company's commitment to invest $100 billion in the US, highlighting the importance of domestic chip production.
Trump emphasized that building chips domestically is a matter of national security, showcasing a shift in policy to reduce reliance on Asian semiconductor production.
The $100 billion investment plan from TSMC aims to bolster US semiconductor manufacturing after the disruption caused by the COVID-19 pandemic and ongoing supply chain issues.
Former President Biden's CHIPS and Science Act is part of a broader initiative to revive the chip manufacturing sector in the US, opposing Trump's previous tariff threats.
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