TSMC to invest US$ 100 bil. to build semiconductor facilities in U.S.

With U.S. President Donald Trump eyeing higher semiconductor tariffs, TSMC, one of the world's largest chipmakers, announced plans for a further 1-hundred billion dollar investment in the U.S.

Following a meeting with the company's CEO on Monday, Trump said the investment would boost domestic production and national security.

The new investment will used to build additional chip facilities in the U.S. in the coming years, creating thousands of jobs and making the U.S. less reliant on chips made in Asia.

TSMC had already pledged 65 billion dollars worth of investment between 2020 and April of last year, when the company also said it would add a third semiconductor factory in Arizona by 2030.