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

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

President Donald Trump referred to as the funding “an incredible 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 amenities in Arizona.

TSMC provides semiconductors to corporations corresponding to NVIDIA and Apple for synthetic intelligence, and Wei mentioned that the funding displays the Trump administration’s concentrate on 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 amenities within the nice state that we simply mentioned, Arizona, and can create hundreds of jobs—many hundreds of jobs, they usually’re high-paying jobs,” President Trump mentioned.

Wei mentioned the primary of its fabrication amenities 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 an important merchandise on the planet. These superior chips energy every part. They energy AI. They energy your telephone. They energy your vehicles. And with out them, the entire trendy financial system would cease.”

In February, Trump introduced a $500-billion information heart 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 referred to as to convey semiconductor manufacturing again to the U.S. after a lot of the manufacturing trade moved abroad. Advancing semiconductor manufacturing within the U.S. is a matter of financial and nationwide safety, Trump mentioned on the occasion.