By David Shepardson and Steve Holland
March 3, 2025
Trump, TSMC announce $100 bln plan for US chip plants
• Summary
• Companies
• TSMC plans $100 billion investment in United States
• CEO announces the plan during meeting with Trump
• Investment will include new chip factories
• TSMC shares decline as investors weigh higher US costs
WASHINGTON, March 3 (Reuters) – Taiwan semiconductor company TSMC plans to make a fresh $100 billion investment in the United States that involves building five additional chip facilities there in coming years, its CEO announced with President Donald Trump on Monday.
Taiwan’s dominant position as a maker of chips used in technology from cellphones and cars to fighter jets has sparked concerns of over-reliance on the island, especially as China ramps up pressure to assert its sovereignty claims.
Taiwan Semiconductor Manufacturing Co (2330.TW), opens new tab, the world’s largest contract chipmaker and a leading supplier to major U.S. hardware manufacturers, unveiled the plan as Chief Executive C.C. Wei met Trump at the White House.
“We must be able to build the chips and semiconductors that we need right here,” Trump said. “It’s a matter of national security for us.”
TSMC said the expansion included plans for three new chip fabrication plants, two advanced packaging facilities and a major research and development centre.