Taiwan Semiconductor Manufacturing Co (TSMC) CEO C.C. Wei revealed plans for a significant $100 billion investment in the US, aiming to construct five new chip factories. The announcement, made during a meeting at the White House with President Trump, underscores the importance of domestic chip production for national security. As the world’s largest contract chipmaker and a key supplier to major US hardware manufacturers, TSMC’s investment seeks to reduce reliance on Asian semiconductor sources.
This substantial outlay supplements a prior $25 billion expansion commitment, highlighting a strategic shift towards enhancing US semiconductor manufacturing capabilities. President Trump’s emphasis on economic concerns has catalyzed efforts to boost domestic industries and job creation. TSMC’s initiative aligns with a broader trend of major investments in the US, such as Apple’s $500 billion pledge over the next four years.
Under Biden’s administration, the Commerce Department secured a $6.6 billion subsidy for TSMC’s US unit in Phoenix, Arizona, reflecting ongoing support for domestic semiconductor production. Concerns over Taiwan’s chip-making dominance and China’s geopolitical pressures underscore the strategic importance of bolstering US semiconductor manufacturing capabilities.
TSMC’s commitment to deploying cutting-edge chip technologies in the US, including the production of 2-nanometer chips and the utilization of advanced manufacturing processes, signifies a significant step towards enhancing the country’s semiconductor industry. With a strong focus on innovation and growth, TSMC’s investment heralds a new chapter in the evolution of the semiconductor landscape.
