Taiwanese chipmaker commits another $100 billion investment to U.S.
The Taiwanese chipmaker’s investment fuels U.S. facilities to domestically manufacture microchips, bringing additional jobs to the U.S. labor force.
President Donald Trump on Monday announced a $100 billion investment from chipmaker TSMC.
Joined by Department of Commerce Secretary Howard Ludnick and AI Crypto Czar David Sacks, the Taiwanese company will build state-of-the-art manufacturing facilities, many of which will be in Arizona.
The investment will go into building five cutting-edge fabrication facilities and will create thousands of jobs high-paying jobs.
This brings Taiwanese investment into the United States under Trump to $165 billion.
This follows another $500 billion investment by Apple Inc.