In a significant move for the semiconductor industry, Taiwanese semiconductor giant Taiwan Semiconductor Manufacturing Co. (TSMC) has committed to investing $100 billion in semiconductor manufacturing infrastructure in the United States, President Donald Trump revealed on Monday at the White House. According to CNN, this major investment is expected to create tens of thousands of jobs and contribute to the construction of two additional state-of-the-art chipmaking facilities in Arizona. These facilities will join the three currently under construction.

This new investment will bring TSMC’s total U.S. investments to nearly $165 billion, Trump stated. He described the move as “tremendous” and emphasized its importance not only for the U.S. economy but also for national security.

“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.

TSMC's CEO, Wei, also spoke at the event, noting that the investment would help the U.S. capture a 40% share of the global semiconductor market. “We’re going to produce many chips to support AI progress and to support smartphones progress,” he said. Wei also expressed gratitude to TSMC's key customers, including Apple, Nvidia, AMD, and Qualcomm.

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As the world’s largest semiconductor manufacturer, Taiwanese TSMC has already invested $65 billion in the U.S. over the past five years. The new investment underscores the growing trend of tech companies making significant investments in the U.S., as seen with other announcements earlier this year. Oracle, OpenAI, and SoftBank revealed plans to invest up to $500 billion in AI infrastructure, while Apple announced a $500 billion investment to expand its facilities and projects across the country.