Taiwan Semiconductor Manufacturing Co. (TSMC) has revealed its next step of investing a whopping sum of $100 billion in the United States by building an extra five-chip facility.
The building of the additional five chip facilities was announced by CEO C.C. Wei alongside the president of the United States, Donald Trump, at the White House. The investment would cover two advanced packaging facilities, three new chip fabrication plants, and a major R&D center.
This investment will reduce U.S. reliance on Asian-made semiconductors as concerns over the strategic role of Taiwan in global chip production continue to grow when it is executed. Taiwan Semiconductor Manufacturing Co. (TSMC), one of the major suppliers to Qualcomm, Nvidia, and AMD, remains one of the major players in the U.S. chip industry.
The company sets a plan to generate 40,000 construction jobs between the next four years despite experiencing delays and higher costs in Arizona before.
The company had also increased its investment plan in the United States to $65 billion in 2024, with another factory in Arizona in 2030.
The shares of TSMC on the Taiwan list dropped by 2% after the announcement was made, as those who analyze the business mention that there are likely rising costs compared to Taiwan-based production.
