Trump Announces $100 Billion Investment From Taiwan Chip Maker TSMC

Contact Your Elected Officials
The Epoch Times Header

‘It’s a matter of economic security; it’s also a matter of national security for us,’ Trump said.

President Donald Trump announced on March 3 a key partnership with a Taiwan-based semiconductor company that will see billions of dollars invested in cutting-edge chip-making facilities as his administration looks to reshore manufacturing to the United States.

Taiwan Semiconductor Manufacturing Company (TSMC) will invest $100 billion in new manufacturing plants in the United States over the next three years.

“Taiwan Semiconductor is announcing that they will be investing at least $100 billion in new capital in the United States over the next short period of time to build state-of-the-art semiconductor manufacturing facilities,” Trump said.

“This is a tremendous thing for our country.”

TSMC, one of the world’s largest makers of semiconductor chips used in artificial intelligence (AI) systems, household appliances, and smartphones, has been a part of the tariff conversation in recent weeks. This was one reason why TSMC shares sank by nearly 7 percent last month.

Trump said TSMC will construct “five cutting-edge fabrication facilities” in Arizona, bringing thousands of jobs to the Grand Canyon state. “You’re probably talking about … 25,000 jobs,” the president told reporters.

“We must be able to build the chips and semiconductors that we need right here in American factories with American skill and American labor. And that’s exactly what we’re doing.

“It’s a matter of economic security; it’s also a matter of national security for us.”

C.C. Wei, chairman and CEO of TSMC, explained the scope of his company’s investment.

“We have to thank President Trump’s vision and his support so TSMC starts the journey of establishing … advanced chip manufacturing in Arizona. And now, let me proudly say the vision [has] become reality in Phoenix, Arizona, with 3,000 employees,” he said.

“We are producing the most advanced chip made on U.S. soil.”

When asked if the investment could minimize the impact on the chip supply if China decides to isolate Taiwan or take it by force, Trump replied: “[It] will at least give us a position where in this very, very important business, we would have a very big part of it in the United States.

“So it would have a big impact if something should happen with Taiwan.”

By Andrew Moran and Jacob Burg

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Government Shutdown, Health Care, Tax Breaks=Perfect Storm

The shutdown over cuts to health subsidies for the poor stems from Trump’s OBBB plan, which critics say funneled trillions to the wealthy.

3I/Atlas Comet or UFO Arrives Tomorrow!

The 3I/Atlas object is hurtling toward our solar system on a strange path and composition, set to pass behind the sun, obscuring visual and radio tracking.

‘I’d Be Finished’: Vaccine Researcher Trashes Own Study to Save Career

Most doctors comply with the system, following orders to keep their jobs, income, and prestige, even if it means setting aside independent judgment.

Kamala, Please Run Again

Kamala Harris hinted she wants to run for President in 2028, despite poor poll numbers and her loss in 2024. If she runs, the big winners will be the GOP.

Rosie O’Donnell vs. Her Therapist

Rosie O’Donnell's therapist attempted to artfully introduce to her client to the possibility that Rosie's outrage might be performative. It didn’t take.

Federal Judge Extends Order Blocking Firings During Shutdown

A federal judge on Oct. 28 indefinitely blocked the Trump administration from firing federal employees during the ongoing federal government shutdown.

Los Angeles Dethrones Chicago as ‘Rattiest’ US City

Los Angeles has dethroned Chicago as the “rattiest” U.S. city after more than a decade, becoming the new top haven for rodents.

Prediction of Climate Catastrophe Loses Some of Its Strongest Advocates

Bill Gates says the “doomsday view” of climate catastrophe is wrong, signaling a major shift in the global warming debate.

DOJ to Review Biden’s Use of Autopen for Pardons

The DOJ will review the Biden administration’s use of an autopen for thousands of pardons, U.S. Attorney General Pam Bondi confirmed Tuesday.

Trump, Japanese PM Sign Critical Minerals, Rare Earths Deal

The U.S. president visited Tokyo on the second leg...

Trump Hikes Canada’s Tariffs by 10 Percent for Not Pulling Anti-Tariff Ad Immediately

Trump announced he will increase tariffs on Canada by 10% after ad by provincial government of Ontario misrepresented President Reagan’s speech on tariffs.

Trump Rolls Back Emissions Rules on Copper Smelters

President Trump issued a proclamation aimed at reversing a Biden-era environmental rule that enforced stricter air emission standards on copper smelters.

Donor Gives $130 Million to Cover Shortfall in Troop Pay During Shutdown

Trump announced on Oct. 23 that an anonymous donor sent $130M to cover military pay during the ongoing government shutdown.
spot_img

Related Articles

Popular Categories

MAGA Business Central