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Trump, TSMC announce $100B plan to build 5 US factories

TSMC logo is seen at TSMC Museum of Innovation in Hsinchu

The TSMC logo at the TSMC Museum of Innovation in Hsinchu, Taiwan, on May 29, 2024.

 Ann Wang/reuters

WASHINGTON � Taiwan Semiconductor Manufacturing Co. CEO C.C. Wei announced on Monday the Taiwanese semiconductor company plans to make an additional $100 billion investment in the United States and build five additional chip factories in the coming years.

TSMC announced the plan in a meeting at the White House with President Donald Trump. "We must be able to build the chips and semiconductors that we need right here," Trump said. "It's a matter of national security for us."



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