Taiwan Semiconductor Manufacturing Company (TSMC) plans to announce a $100 billion investment in U.S. chip manufacturing plants on Monday, the White House confirmed.
The multibillion-dollar investment, first reported by The Wall Street Journal, will stretch out over the next four years.
TSMC CEO C.C. Wei will be at the White House later Monday, the semiconductor company said.
“Back in 2020, thanks to President Trump’s vision and support, we embarked on our journey of establishing advanced chip manufacturing in the United States,” a TSMC spokesperson said in a statement.
“We’re pleased to have an opportunity to meet with the President and look forward to discussing our shared vision for innovation and growth in the semiconductor industry, as well as exploring ways to bolster the technology sector along with our customers,” they continued.
TSMC has invested more than $65 billion into constructing a series of fabs in Arizona, which were first announced in 2020. The first of three fabs began production in the fourth quarter of last year.
The semiconductor giant’s announcement is the latest in a series of commitments from major technology companies. Apple unveiled plans last week to invest $500 billion and hire 20,000 people in the U.S. over a four-year period.
In early January, Trump announced that Emirati billionaire Hussain Sajwani intended to invest $20 billion to build data centers in the U.S.
The announcement came just weeks after then president-elect Trump unveiled a $100 billion commitment from the Japanese company SoftBank to invest in artificial intelligence (AI) and other emerging technologies in the U.S.
