The Trump administration announced Thursday that Taiwan Semiconductor Manufacturing Co. is investing an additional $100 billion in a deal with the United States. File Photo by Ritchie B. Tongo/EPA
The Trump administration announced Thursday that Taiwan Semiconductor Manufacturing Co. is investing an additional $100 billion in a deal with the United States.
The latest investment brings TSMC’s total investment into U.S. semiconductor manufacturing to $265 billion as part of a deal that Taiwan and the United States entered under the Biden administration.
TSMC’s investment is aimed at advanced semiconductor manufacturing and packaging facilities in Arizona. Taiwanese investment has gone toward 12 semiconductor facilities in the United States so far.
“President Trump’s leadership is driving companies to invest in American manufacturing,” Howard Lutnick, commerce secretary, said in a statement. “TSMC’s announcement of an additional $100 billion investment following our historic deal on trade and investment with Taiwan will create tens of thousands of American jobs and bring advanced semiconductor manufacturing back to America.”
TSMC’s investment in Arizona semiconductor facilities follows a second-quarter profit spike of 77%. The company is forecasting $44.6 billion to $45.8 billion in third-quarter revenue.
C.C. Wei, TSMC chairman, said in a statement that the investment in Arizona semiconductor facilities will help it meet customer demand.
“This is to build several or more semiconductor logical wafer fab for two nanometer MP [mass production] technologies, as well as advanced packaging fabs to support the strong multi-year demand from our leading U.S. customers,” Wei said.
The Biden administration awarded TSMC Arizona $6.6 billion in funding to build three manufacturing plants in the Phoenix area in 2024.
“[The semiconductor facilities] will create tens of thousands of jobs by the end of the decade,” former President Joe Biden said in a 2024 statement. “This is the largest foreign direct investment in a greenfield project in the history of the United States.”
This week in Washington
Acting Attorney General Todd Blanche is sworn in at the Senate Judiciary Committee hearing on his nomination to be attorney general at the U.S. Capitol on Wednesday. Blanche has served as acting attorney general since April, when former Attorney General Pam Bondi was fired. Photo by Bonnie Cash/UPI | License Photo
