President Donald Trump is set to announce that Taiwan Semiconductor Manufacturing Co. (TSMC) plans to invest $100 billion in the United States, building on its existing commitment of over $65 billion. TSMC, a key player in semiconductor manufacturing for tech giants like Apple, Intel, and Nvidia, has already begun production at its Arizona plant. While details on the $100 billion investment remain unclear, the company’s CEO is scheduled to meet with Trump to discuss the plans.

This significant investment comes in the wake of the CHIPS and Science Act signed by former President Joe Biden in 2022, aiming to boost domestic chip production following disruptions caused by the pandemic. Trump, on the other hand, has criticized this approach and advocated for tariffs on imported chips to incentivize local manufacturing. His stance contrasts with Biden’s strategy of offering subsidies to attract investments like TSMC’s.

Trump’s emphasis on revitalizing the U.S. economy through business partnerships was evident in previous announcements, including collaborations with tech leaders like OpenAI, Oracle, and SoftBank. Notably, after a meeting with Apple CEO Tim Cook, Trump revealed Apple’s plans to invest over $500 billion in the U.S., signaling a shift in manufacturing operations from Mexico to Texas.

As the semiconductor industry plays a crucial role in various sectors, such as automotive and technology, TSMC’s substantial investment underscores the competitive landscape and geopolitical implications of chip manufacturing. Trump’s proactive engagement with business leaders reflects his commitment to promoting economic growth and job creation through strategic investments.