Trump Announces $100 Billion TSMC Investment in US Chip Manufacturing

President Donald Trump announced that Taiwan Semiconductor Manufacturing Company (TSMC) will invest $100 billion in new manufacturing facilities in the United States, as part of an effort to bolster domestic semiconductor production. This investment, which brings TSMC's total commitment to $165 billion, aims to enhance America's technological capabilities and reduce reliance on foreign suppliers. Trump emphasized the investment's significance for national and economic security, as it aligns with his administration's broader strategy to position the U.S. as a leader in artificial intelligence. The move also addresses concerns over potential tariffs on imported chips, which could raise costs for the tech industry. TSMC's expansion in Arizona will create thousands of jobs and supports major tech companies like Nvidia and Apple that depend on advanced chips. This announcement comes amidst ongoing geopolitical tensions, particularly regarding Taiwan's relationship with China.