President Donald J. Trump and Taiwan Semiconductor Manufacturing Company (TSMC) CEO C.C. Wei gathered to announce US$100bn investment by TSMC in its Arizona-based semiconductor chip manufacturing operation. This investment marks the largest foreign direct investment in US history.
The investment will fund the construction of five state-of-the-art fabrication facilities in Arizona, which are expected to generate thousands of high-paying jobs. With this new commitment, TSMC’s total investment in the US has reached approximately US$165bn.
The expansion aims to enhance the production of semiconductor chips, which are crucial for advancing technologies such as artificial intelligence (AI) and smartphones. The new facilities will contribute to strengthening US manufacturing capabilities in the semiconductor sector.
Secretary of Commerce Howard Lutnick highlighted the strategic importance of bringing semiconductor manufacturing back to the U.S. and commended President Trump’s efforts in securing major investments for the country.
This announcement adds to the nearly US$2trn in U.S.-based investments secured since President Trump took office, with further plans for growth anticipated in the future.
