Article 6VN93 Trump announces Taiwanese chip giant’s $100bn investment in US plants

Trump announces Taiwanese chip giant’s $100bn investment in US plants

by
Dara Kerr and agencies
from US news | The Guardian on (#6VN93)

President says TSMC won't have to pay tariffs and encourages other semiconductor companies to build in US

The CEO of a giant in the semiconductor chip industry joined Donald Trump on Monday to announce the Taiwanese company's new $100bn investment in production in the United States.

CC Wei, the chief executive of Taiwan Semiconductor Manufacturing Co (TSMC) announced the investment at the White House alongside the president, the US commerce secretary, Howard Lutnick, and David Sacks, a Trump adviser on AI and crypto. He said the new investment brings TSMC's total investment in chip manufacturing in the US to $165bn.

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