Taiwan Semiconductor Manufacturing Co (TSMC) is set to invest an additional $100 billion in the US, establishing five new semiconductor fabrication plants. This announcement, made by Donald Trump and TSMC's CEO CC Wei, aims to boost American manufacturing capabilities in the semiconductor sector, critical for national security. The investment raises TSMC’s total contributions in US chip manufacturing to $165 billion, with promises of job creation and technological advancement. The move is seen as a strategic defense against potential Chinese invasion of Taiwan, enhancing US competitiveness in the global market.
CC Wei, the chief executive of Taiwan Semiconductor Manufacturing Co (TSMC) announced the investment at the White House alongside the president, the US commerce secretary, Howard Lutnick, and David Sacks, a Trump adviser on AI and crypto. He said the new investment brings TSMC's total investment in chip manufacturing in the US to $165bn. We are producing the most advanced chip on US soil, Wei said. Now the vision becomes reality.
Trump called Wei a legend and said the investment will create many thousands of jobs. The president claimed that bringing semiconductor manufacturing to the US is a matter of national security and would give the country a big share of the world market.
Taking away Taiwan's technology sector will reduce the power of Taiwan's 'silicon shield', said James Yifan Chen, assistant professor in the department of diplomacy and international relations at Tamkang University in Taiwan.
On Monday Trump said a Chinese invasion of Taiwan would be a catastrophic event. He said the TSMC investment will at least give us a position where we have, in this very, very important business, we would have a very big part of it in the United States.
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