Taiwan Semiconductor Manufacturing Corp. said it would spend $100 billion on chip manufacturing plants in the U.S. at a White House Press conference Mar. 3.
President Donald Trump called the investment “a tremendous thing for our country and, hopefully, for his company,” referring to TSMC Chairman C.C. Wei who also spoke at the press conference. TSMC said the new investment brings its total in the U.S. to $165 billion and will go toward building five new fabrication facilities in Arizona.
TSMC supplies semiconductors to companies such as NVIDIA and Apple for artificial intelligence, and Wei said that the investment reflects the Trump administration’s focus on making the U.S. an AI leader. Wei also thanked both companies and other U.S.-based customers, including AMD, Qualcomm and Broadcom.
“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,” President Trump said.
Wei said the first of its fabrication facilities in Phoenix was opened in 2020, and that the company would immediately begin planning three more fabs with two more to follow in the coming years, all in Arizona. White House AI and Cryptocurrency Czar David Sacks said “the products that TSMC makes are literally the most important products in the world. These advanced chips power everything. They power AI. They power your phone. They power your cars. And without them, the whole modern economy would stop.”
In February, Trump announced a $500-billion data center investment with Oracle, OpenAI and Softbank, also focused on supporting AI. On both the campaign trail and during his previous administration—and like President Biden before him—Trump has called to bring semiconductor production back to the U.S. after much of the manufacturing industry moved overseas. Advancing semiconductor production in the U.S. is a matter of economic and national security, Trump said at the event.
