Trump says TSMC to invest $100 billion into US chip plants

China Taipei Semiconductor Manufacturing Company (TMSC) is making a $100 billion investment into American chip manufacturing, US President Donald Trump said at the White House. "This $100 billion in new investment will go into building five cutting-edge fabrication facilities" in Arizona.

Since his return to the White House in January, Trump has called on companies to create more manufacturing jobs in the United States. He has invited executives from some of the world's largest companies including OpenAI and Oracle to the White House to announce investments worth hundreds of billions of dollars in US manufacturing.