Taiwan Semiconductor Manufacturing Company (TSMC), the world’s biggest chipmaker, is making a massive investment of at least $100 billion to expand its chip production in the US.
The announcement was made during a press conference on Monday, where former President Donald Trump highlighted the funding would go toward building two more chip factories in Phoenix, Arizona.
This investment builds on the $65 billion TSMC had already pledged for three Arizona factories. Additionally, the Biden administration granted the company $6.6 billion under the CHIPS Act to boost domestic semiconductor production. TSMC started making 4-nanometer chips at its Arizona facility in January, but its upcoming factories are expected to produce even more advanced 2-nanometer chips by the decade’s end.
Last year, TSMC delayed opening its second Arizona plant, pushing it to 2027 or 2028 instead of 2026. Despite this, the company remains committed to growing its US operations. “We are producing the most advanced chips on US soil with our first plant,” said TSMC CEO C.C. Wei. “We’re creating thousands of high-paying jobs and manufacturing AI chips.”
A recent report from The New York Times suggested that the Trump administration pushed TSMC to take over Intel’s chipmaking facilities, hinting at broader plans to reshape the semiconductor industry in the US.
