A Taiwanese company plans to invest additional 100,000 million dollars in the US, President Donald Trump announced. TSMC is the largest semiconductor manufacturer in the world. The company had already announced plans to invest more than 65,000 million dollars in the country.
The Taiwan semiconductor manufacturing Co. chips giant Plan to invest additional 100,000 million dollars in the United States, President Donald Trump announced Monday, accompanied by the company's executive president, CC Wei.
This amount adds to the 65,000 million dollars in investments that the company had previously announced and includes the construction of five other chips factories in the coming years.
“We must be able to build the chips and semiconductors that we need here,” said the US president. “It is a matter of national security for us.”
TSMC, the world's largest semiconductor manufacturer, produces chips for companies such as Apple, Intel and Nvidia.
The company had already begun to build three floors in Arizona after the Biden administration offered billions of dollars in subsidies. His first factory in Arizona has begun mass production of its 4 nanometers chips.
The disbursement of 100,000 million dollars would boost national production and make the United States less dependent on semiconductors made in Asia.
During the pandemic, chips factories, especially those that manufacture most processors abroad, closed. It had a domino effect that caused broader problems, such as the closure of the assembly lines of car factories and increased inflation.
“The semiconductors are the backbone of the 21st century economy. And really, without the semiconductors, there is no economy,” said the president. “To boost everything, from artificial intelligence to cars and advanced manufacturing, we must be able to build the chips and semiconductors that we need right here, in US factories, with US skill and labor.”
The investment of 165,000 million dollars “will create thousands of well -paid jobs,” said Wei.
With his election victory on November 5, he largely promoted by the economic concerns of voters, Trump has intensified his efforts to reinforce investments in national industries in order to create employment.
The TSMC announcement is the last of a series of events of this type. In February, Apple said it would invest 500,000 million dollars in the next four years. The billionaire Emiratà Hussain Sajwani and Softbank have also promised strong investments in the United States.
TSMC said Monday that he expects “with interest to discuss our shared vision for innovation and growth in the semiconductor industry, as well as explore ways to boost the technology sector along with our clients.”