More Winning by the Trump Administration - TSMC Expands US Footprint With $100B Investment

[RicoSuave102954]

• Taiwan Semiconductor Manufacturing Company has announced a further $100 billion investment to build five new U.S. chip factories.

The investment follows years of concern from the U.S. over TSMC’s dominance over the semiconductor market.

The 2022 CHIPS Act, introduced by President Biden, was designed to reduce the country’s reliance on advanced chips produced in China and elsewhere, incentivizing more manufacturing on domestic soil.

TSMC U.S. Investment​

President Donald Trump announced the investment during a press conference on Monday, March 4, alongside TSMC chairman and CEO C.C. Wei.

“We are going to produce many AI chips… to support AI progress,” Wei said in the White House briefing.

TSMC, the world’s largest contract chipmaker, specializes in advanced chip packaging techniques essential for producing high-performance semiconductors that power AI technologies.

The Taiwan-based firm produces chips for the world’s largest companies, including Apple, Qualcomm, AMD, Nvidia, and Intel.


TSMC previously pledged to pour $65 billion into new U.S. plants, bringing its total investment in the U.S. chip industry to $165 billion.

"We’re pleased to have an opportunity to meet with the President and look forward to discussing our shared vision for innovation and growth in the semiconductor industry, as well as exploring ways to bolster the technology sector along with our customers,” TSMC said in a statement.

Donald Trump’s Tough Policies​

During the TSMC investment announcement, Trump stressed the importance of the U.S. dominating the chip market.

"Semiconductors are the backbone of the 21st-century economy, and really, without the semiconductors, there is no economy powering everything from AI to automobiles to advanced manufacturing," Trump said during a White House meeting with TSMC CEO C.C. Wei.
"It's a matter of economic security. It's also a matter of national security for us,” he added.

In February, Trump said the U.S. had to start making chips domestically as practically "everything is made in Taiwan."

"… a little bit in South Korea, but everything—almost all of it is made in Taiwan. And we want it to be made—we want those companies to come to our country, in all due respect,” Trump said.

Howard Lutnick, U.S. Commerce Secretary, said TSMC’s new chip plant investment was proof that Trump’s tough policies were having a positive impact on America.

“Now you're seeing the power of Donald Trump's presidency, because TSMC, the greatest manufacturer of chips in the world, is coming to America with $100 billion investment,” Lutnick said.

“And of course, that is backed by the fact that they can come here, because they can avoid paying tariffs,” he added.

MSN

 

[stillh8unlv]

• Taiwan Semiconductor Manufacturing Company has announced a further $100 billion investment to build five new U.S. chip factories.

The investment follows years of concern from the U.S. over TSMC’s dominance over the semiconductor market.

The 2022 CHIPS Act, introduced by President Biden, was designed to reduce the country’s reliance on advanced chips produced in China and elsewhere, incentivizing more manufacturing on domestic soil.

TSMC U.S. Investment​

President Donald Trump announced the investment during a press conference on Monday, March 4, alongside TSMC chairman and CEO C.C. Wei.


TSMC, the world’s largest contract chipmaker, specializes in advanced chip packaging techniques essential for producing high-performance semiconductors that power AI technologies.

The Taiwan-based firm produces chips for the world’s largest companies, including Apple, Qualcomm, AMD, Nvidia, and Intel.


TSMC previously pledged to pour $65 billion into new U.S. plants, bringing its total investment in the U.S. chip industry to $165 billion.

"We’re pleased to have an opportunity to meet with the President and look forward to discussing our shared vision for innovation and growth in the semiconductor industry, as well as exploring ways to bolster the technology sector along with our customers,” TSMC said in a statement.

Donald Trump’s Tough Policies​

During the TSMC investment announcement, Trump stressed the importance of the U.S. dominating the chip market.


In February, Trump said the U.S. had to start making chips domestically as practically "everything is made in Taiwan."


Howard Lutnick, U.S. Commerce Secretary, said TSMC’s new chip plant investment was proof that Trump’s tough policies were having a positive impact on America.

MSN

Good job Biden, way to get that ball rolling in 2022.

Did you Photoshop yourself out of that photo of you jerking Trumpy Balboa off?

 

[Doodads and Hoohah]

Biden and the CHIPS act got the ball rolling.

 

[RicoSuave102954]

Biden and the CHIPS act got the ball rolling.

Nope

 

[Doodads and Hoohah]

Nope

Explain how nope.

 

[LuciousBDragon]

Biden and the CHIPS act got the ball rolling.

No. Just no.

TSMC’s investment has been in the works for over a decade, if not multiple decades. Hell, the groundwork and infrastructure for their plant now started well before Biden took office. I would argue no President (Trump/Biden/whoever) did more than our previous Governor’s did.

https://finance.yahoo.com/news/taiwan-arizona-ties-history-behind-093000132.html