TSMC: $100 billion in US chip production

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest chipmaker, will invest at least $100 billion to expand chip production in the United States. At a recent press conference, President Donald Trump said the funds would go toward building two additional chip manufacturing plants in Arizona.

The $100 billion investment builds on the $65 billion TSMC has already committed to building three factories in Arizona and the $6.6 billion the Biden administration has given TSMC under the CHIPS Act. TSMC began producing 4-nanometer (nm) chips at its Arizona factory in January, but future factories are expected to produce chips with “2nm or higher process technology” by the end of the decade, according to the company’s website.

Last year, TSMC pushed back the timeline for its second Arizona factory, stating that it would open in 2027 or 2028 rather than 2026.

“With the success of our first factory, we are producing the most advanced chip ever made on American soil,” TSMC CEO CC Wei said at a press conference. “We will create thousands of high-paying jobs and produce a lot of AI chips.”

A recent report by The New York Times suggested that the Trump administration was also encouraging TSMC to take over Intel's chip factories.

Apple also recently revealed that it plans to invest more than $500 billion in the US over the next four years, including hiring 20,000 workers and building a server factory in Texas. All of the new investments are likely a response to new tariffs on products from Mexico, Canada and China.