TSMC CEO announced the plan with US president, the latest firm to make investment commitments since Donald Trump took office.
Published On 3 Mar 2025
Chip giant Taiwan Semiconductor Manufacturing Co plans to invest $100bn in the United States and build five additional factories in the coming years, it has said.
TSMC CEO CC Wei announced the plan on Monday in a meeting at the White House with US President Donald Trump. “We must be able to build the chips and semiconductors that we need right here,” Trump said. “It’s a matter of national security for us.”
TSMC, the world’s largest contract chipmaker, is a leading supplier to major US firms including Apple, Intel and Nvidia.
The $100bn outlay, which would boost domestic production and make the US less reliant on semiconductors made in Asia, is in addition to a major prior investment announcement. TSMC agreed in April to expand its planned US investment by $25bn to $65bn and to add a third Arizona factory by 2030.
Former US President Joe Biden in 2022 signed a sweeping $280bn law, the CHIPS and Science Act, to try to reinvigorate chip manufacturing in the US, especially after the COVID-19 pandemic. It included a subsidy for TSMC’s US unit in Phoenix, Arizona.
During the pandemic, chip factories, especially those overseas making the majority of processors, shut down. This had a ripple effect t