TSMC announces new US$100b US investment
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The news: Taiwan Semiconductor Manufacturing Co (TSMC) plans to invest an additional USD100 billion ($160.3 billion) in the United States to expand its chip production.
The numbers: The project includes adding three new chip fabrication plants, two advanced packaging facilities and a major research and development centre, the company said.
Announced by TSMC chairman and CEO, CC Wei, at the White House alongside President Donald Trump, the investment adds to TSMC’s existing USD65 billion in US commitments, bringing its total planned investment in the country to USD165 billion.
What they said: Trump called the expansion a matter of national security and cited his tariff threats as a factor in the decision.
“If they did [the chips] in Taiwan to send them here they’ll have 25% or $30% or 50% or whatever the number may be” in tariffs, Trump said. “It’ll go only up. By doing it here, there’s no tariffs.”
The context: Trump is considering new tariffs on semiconductor imports, which could impact Taiwan’s dominant chip industry.
The announcement follows other corporate pledges, including Apple’s USD500 billion commitment. OpenAI, Oracle and SoftBank have also made investment pledges in recent months.
"We have many [companies] that want to announce, but I don’t have time to do all of these announcements, I’ll tell you. But for you, I’m doing the announcement," Trump told Wei.
TSMC’s US operations have received USD6.6 billion in federal grants and USD5 billion in low-cost loans under the 2022 Chips and Science Act.
Taiwan’s government must now approve the investment.
