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Chipmaking giant Taiwan Semiconductor Manufacturing Company plans to invest at least $100 billion to grow its US manufacturing operations, President Donald Trump announced from the White House on Monday alongside the firm’s CEO C.C. Wei, Commerce Secretary Howard Lutnick and White House AI and Crypto Czar David Sacks.
The announcement comes amid a larger push by Trump to encourage investments in American manufacturing.
Trump said the investment will contribute to building two additional advanced chipmaking facilities in Arizona — on top of the company’s existing three already in the works — and is expected to create tens of thousands of jobs. Monday’s announcement brings TSMC’s US investments to around $165 billion, Trump said.
“This is a tremendous move by the most powerful company in the world. It’s a matter of economic security, it’s also a matter of national security for us,” Trump said, adding that it would help TSMC diversify away from chipmaking in Taiwan.
The White House had teased the announcement earlier Monday.
TSMC is the world’s largest semiconductor manufacturer. Its chips power countless tech products, from iPhones and AI systems to cars and medical devices. The announcement comes as the United States seeks to gain a larger foothold in the global chipmaking industry and stay ahead of China in the AI race.
Trump claimed that the TSMC investment and “a couple of others that we’re doing” could bring the United States to 40% of the global chipmaking market, although such an ambitious goal would almost certainly take years to reach.
“We’re going to produce many chips to support AI progress and to support smartphones progress,” Wei said during the event Monday. Wei also thanked TSMC customers such as Apple, Nvidia, AMD and Qualcomm.
“TSMC’s new fabs will be the foundational pillar of a new technology supply chain centered in the United States,” an Nvidia spokesperson said in a statement following the announcement, adding the company “will fully utilize TSMC’s global manufacturing network to enhance our supply agility and resilience.”
TSMC is just the latest tech company promising to funnel hundreds of billions of dollars into the United States.
Apple said last week it would invest $500 billion to expand facilities, manufacturing and projects across the United States over the next four years. The announcement appeared to be aimed at helping the company avoid new tariffs on goods imported from China, although some of the investment efforts were likely already underway.
Oracle, OpenAI and SoftBank also announced in January that they would team up to create a new company, called Stargate, to grow artificial intelligence infrastructure in the United States. Together, the companies plan to invest $500 billion into the project in the coming years.