President Donald Trump announced on Monday that TSMC (TSM) – a semiconductor manufacturer in Taiwan – will invest at least $ 100 billion in its American manufacturing capabilities “during the short period of time”, thus reaching the total investments of Taiwanese company in the United States to $ 165 billion.
Join the CEO of TSMC CC WeI at the White House, Trump said that the TSMC investment will build five new manufacturing facilities in Arizona.
“The most powerful artificial intelligence chips in the world will be made here in America,” Trump said.
The various media have reported the investment before its official announcement
TSMC, which manufactures the most advanced artificial intelligence chips for major technology companies including Apple (AAPL) and NVIDIA (NVDA), has already committed to investing more than $ 65 billion to build three American manufacturing facilities, or the “Purondi Armed Forces”, in Arizona since 2020.
The expansion of the United States is seen by analysts and politicians as it is extremely important to enhance the local manufacturing fingerprint of the United States with the high US -Chinese tensions and the government is looking to restore technological dominance in space.
TSMC announced plans to build the first American chips factories in Arizona in 2020. TSMC was committed to building the second Burundian armed forces in 2022 and a third location in 2024 after granting it $ 6.6 billion in federal scholarships as part of the United States and Science Law.
TSMC shares listed in the United States decreased by more than 4 % on Monday afternoon.
As of 3:27:02 pm EST. The market is open.
Laura Praton is a reporter for Yahoo’s funding. Follow it on Bluesky @laurabratton.bsky.social. Email it on laura.bratton@yahoink.com.
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