Trump, Chip Maker TSMC Announce $100 Billion Investment in U.S.

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By Yang Jie, Meridith McGraw and Asa Fitch

(The Wall Street Journal) — Taiwan Semiconductor Manufacturing Co. plans to invest at least $100 billion more in chip-manufacturing plants in the U.S. over the next several years under a plan announced Monday by the company and President Trump.

TSMC plans to use the funds to add to its chip manufacturing in Arizona. It will construct three new chip plants, two chip-packaging plants and a research and development center, Chief Executive C.C. Wei said during a White House appearance with the president.

Such an expansion would advance a long-pursued U.S. goal to revive the domestic semiconductor industry after manufacturing fled largely to Asian countries in recent decades.

Trump called building up the industry a matter of economic and national security, as well as evidence that his tariff threats were working.