Still not tired of winning? Here’s another one. On Monday, President Trump announced that the Taiwan Semiconductor Manufacturing Company will be making a major investment in the United States — at least, according to the president, $100 billion. That’s a lot of money — and a lot of American jobs.
🚨 President Donald J. Trump announces a new $100 billion investment by TSMC in U.S. chips manufacturing pic.twitter.com/2vLWX8h7TV
— Rapid Response 47 (@RapidResponse47) March 3, 2025
The President announced, in his usual inimitable style:
Today, Taiwan Semiconductor is announcing that they will be investing at least $100 billion in new capital in the United States for the next short period of time to build new state of the art semiconductor manufacturing facilities, I think it’s mostly going to be in Arizona from what I understand. It’s a great state. I like it because I won it. But I won most of them, actually, so… But we did, we won it, and we won it big. The most powerful AI chips in the world will be made right here in America, and it will be a big percentage of the chips made by this company. As you know they are based mostly in Taiwan, and they are far and away the biggest, there’s nobody even close. $100 billion in new investment will go into building five cutting-edge fabrication facilities in the great state that we just discussed, Arizona, and will create thousands of jobs, many thousands of jobs, and high paying jobs. In total today’s announcement brings Taiwan Semiconductor’s investments to about $165 billion, started already.
The choice of Arizona is not a surprise, as the company already has holdings there; Taiwan Semiconductor (TWSE: 2330, NYSE: TSM) has manufacturing facilities in Taiwan as well as in China, Japan, Washington, as well as Arizona.
TSMC operates four 12-inch wafer GIGAFAB® fabs, four 8-inch wafer fabs, and one 6-inch wafer fab – all in Taiwan – as well as two 12-inch wafer fabs at two wholly owned subsidiaries – TSMC Nanjing Company Limited and TSMC Arizona Corporation, one 12-inch wafer fab at a TSMC’s majority-owned manufacturing subsidiary – Japan Advanced Semiconductor Manufacturing, Inc. (JASM), and two 8-inch wafer fabs at two wholly owned subsidiaries – TSMC Washington and TSMC China Company Limited.
This announcement would appear to represent a major increase in TSMC’s investments in the United States. This isn’t the first tech-company win for the Trump administration:
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President Trump’s remarks indicate that the chips to be built in the new plant are aimed at the AI market, which requires the most powerful processors available.
Taiwan Semiconductors’ investment in the American semiconductor industry represents a significant increase in these strategic items, an area in which we have been reliant on other nations, including Taiwan. It will also represent a significant number of jobs in Arizona, including many high-skilled, high-paying jobs.
You can see the entire announcement from the White House here:
President Trump Makes an Investment Announcement https://t.co/5G4JqT72Jp
— The White House (@WhiteHouse) March 3, 2025
Taiwan Semiconductor also announced the deal on their website here. TSMC Chairman and CEO Dr. C.C. Wei, in that release, was quoted as saying:
AI is reshaping our daily lives and semiconductor technology is the foundation for new capabilities and applications. With the success of our first fab in Arizona, along with needed government support and strong customer partnerships, we intend to expand our U.S. semiconductor manufacturing investment by an additional $100 billion, bringing our total planned investment to $165 billion.
It’s a big deal — and a big win for the Trump administration.
