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

Taiwanese chipmaker TSMC has pledged an additional one hundred billion U.S. dollar investment into plants in the U.S.

The announcement was shared at the White House on Monday following a meeting between the company's CEO C.C. Wei and U.S. President Donald Trump who claimed the investment would boost chip production on American soil and bolster national security as Washington seeks to reduce its reliance on chips made here in Asia.

This latest pledge of investment by TSMC follows its earlier pledge of 65 billion U.S. dollars in recent years with plans for a third factory in Arizona by the year 2030.