Semiconductor Giant Announces $100 Billion Investment In U.S. Manufacturing

Taiwan Semiconductor Manufacturing Co. (TSMC) CEO C.C. Wei announced at the White House on Monday that his company will further invest at least $100 billion in chip-manufacturing plants in the United States over the next several years.

President Donald Trump, who attended the event where the announcement was made, noted that had TSMC manufactured the chips in Taiwan and shipped them to the United States, they would have been subjected to 25%-50% tariffs.