TSMC announces $100bn investment for 5 new U.S. chip plants

BARCELONA, Spain/PALO ALTO, California -- The world's top chipmaker, Taiwan Semiconductor Manufacturing Co., will invest at least an additional $100 billion for new chipmaking facilities and packaging plants in America, U.S. President Donald Trump announced on Monday, in a bid to onshore vital AI chip production.

TSMC CEO C.C. Wei, standing alongside Trump and Commerce Secretary Howard Lutnick in the White House, said the company will build three chip production plants, two advanced chip-packaging plants, and an R&D facility in the U.S., on top of the $65 billion previously promised for three chipmaking plants.