The company had already begun constructing three plants in Arizona after the Biden administration offered billions in subsidies.

Chip giant Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the United States, President Donald Trump said Monday, on top of $65 billion in investments the company had previously announced.

Donald Trump spoke to a joint session of Congress about his first weeks in office on March 4, 2025. Watch Next

But world’s top manufacturer of advanced chips criticised by US president and commerce secretary for taking ‘advantage’ of America.

WASHINGTON (Reuters) -TSMC CEO C. C. Wei plans to meet with President Donald Trump on Monday to discuss the Taiwanese semiconductor company's investment plans in the United States, the company said. A person briefed on the matter said Taiwan Semiconductor Manufacturing Co.

Former President Donald Trump has reignited debate over the Chips Act by proposing its termination in favor of tariffs.

Enforcing the tariffs on Taiwan would be difficult, and they wouldn’t necessarily be enough to meaningfully increase semiconductor manufacturing in the United States, experts told WIRED.

Trump pointed to three deals he claimed were proof of how his officials were bringing jobs back to the U.S., opening up new markets, and ensuring U.S. security.

Trump is against using tax credits to encourage chip production in the U.S., but semiconductor makers don't seem to mind.

Chipmaking giant Taiwan Semiconductor Manufacturing Company plans to invest at least $100 billion to grow its US manufacturing operations, President Donald Trump announced from the White House on Monday alongside the firm’s CEO C.