President Donald Trump and TSMC CEO C.C. Wei announced a significant expansion of TSMC’s operations in Arizona, United States.
The company committed to an additional $100 billion investment to construct five advanced semiconductor fabrication facilities. This investment marked the largest foreign direct investment in US history.
President Trump stated: “This $100 billion in new investment will go into building five cutting-edge fabrication facilities in the great state that we just discussed, Arizona, and will create thousands of jobs – many thousands of jobs, and they’re high-paying jobs. In total, today’s announcement brings Taiwan Semiconductor’s investment to about $165 billion.”
TSMC’s CEO, C.C. Wei, highlighted the impact of this investment on technological advancements: “It’s going to create thousands of high-paying jobs … we are going to produce many chips to support AI’s progress and to support the smartphone’s progress. I want to thank President Trump again for his support.”
Secretary of Commerce Howard Lutnick emphasised the administration’s focus on domestic semiconductor manufacturing: “President Trump has made it a fundamental objective to bring semiconductor chip manufacturing home to America … you’re seeing the power of Donald Trump’s presidency because TSMC, the greatest manufacturer of chips in the world, is coming to America with a $100 billion investment.”
