In a joint announcement at the White House on Monday, Taiwan Semiconductor Manufacturing Company (TSMC) and President Donald Trump revealed plans for a $100 billion investment to build five new semiconductor facilities in the United States.
The initiative is part of a broader strategy to strengthen domestic semiconductor production and reduce reliance on chips manufactured in Asia—a concern amplified by global supply chain challenges and ongoing geopolitical tensions. “We must be able to build the chips and semiconductors that we need right here. It’s a matter of national security for us,” President Trump stated during the announcement.
TSMC’s CEO, C.C. Wei, outlined that the investment, which follows previous announcements of increased U.S. investment plans, is expected to create approximately 40,000 construction jobs over the next four years. While the company did not specify exact timeframes for the new facilities, it emphasized that the expanded operations would further solidify its role as a key supplier to major U.S. hardware manufacturers.
The announcement comes amid ongoing concerns over higher production costs in the United States compared to TSMC’s established facilities in Taiwan. Industry analysts note that while the investment promises long-term benefits in terms of supply chain security and job creation, the elevated costs could present short-term challenges for the company.
The move also aligns with U.S. legislative efforts to boost domestic semiconductor manufacturing. Under the CHIPS and Science Act, investments such as TSMC’s are eligible for a 25% manufacturing investment tax credit. This support builds on earlier U.S. government measures, including a $6.6 billion subsidy secured last year for TSMC’s operations in Arizona.
In related developments, TSMC’s Taiwan-listed shares experienced a 2% decline following the announcement. The company’s expansion is seen as a critical factor for the U.S. chip industry, especially as global semiconductor supply chains face increased scrutiny and efforts to diversify production locations intensify.
Taiwan’s government will review the planned investment under its regulatory framework, which requires approval for large overseas investments, though officials have indicated that such initiatives are viewed positively for enhancing Taiwan’s overall competitiveness.
As TSMC prepares to further integrate its production with U.S. operations, the semiconductor industry and policymakers alike will be closely monitoring the rollout of these new facilities and their impact on both domestic manufacturing and global supply chains.
U.S. President Donald Trump hopes for the signing of a long-awaited peace agreement between Azerbaijan and Armenia, which could mark a new era of stability in the South Caucasus, a senior U.S. official said.
Russia’s special envoy for foreign investment and economic cooperation, Kirill Dmitriev, announced on Thursday that Moscow and Washington made “three steps forward” over the past two days in a series of high-level discussions aimed at mending ties.
European Commission President Ursula von der Leyen says the EU is ready to respond with countermeasures if talks with Washington fail, following new US tariffs imposed by President Trump.
International Monetary Fund Managing Director Kristalina Georgieva issued a stark warning on Thursday, cautioning that the latest tariff measures announced by US President Donald Trump could deepen economic uncertainty and threaten global growth.
U.S. President Donald Trump’s inner circle is advising him against speaking with Russian President Vladimir Putin unless Russia commits to a full ceasefire in Ukraine, NBC News reported on Thursday, citing administration officials.
The United States has expressed its willingness to form a partnership with Greenland in the event of its independence from Denmark, with Secretary of State Marco Rubio emphasising the need to prevent Chinese influence in the region.
Millions in Myanmar are still reeling from the aftermath of one of the strongest earthquakes in a century, as aid agencies navigate complex challenges to reach those in urgent need of assistance.
Azerbaijan, Kazakhstan, and Uzbekistan have partnered with regional banks to launch a clean energy project connecting Central Asia to Europe via the Caspian Sea.
The first Central Asia-EU Summit has strengthened regional ties, focusing on cooperation in counter-terrorism, trade, energy, and climate change. Leaders committed to supporting stability and development, with significant investments planned for infrastructure and sustainability.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
China has escalated its control over vital mineral exports in retaliation to U.S. tariffs, intensifying global supply chain fears as it tightens curbs on rare earths, battery metals, and strategic technologies critical for defence and green energy.
The European Commission is challenging Italy's use of "golden powers" in the banking sector, raising concerns over potential breaches of EU law and prompting a broader debate on investment screening rules across the bloc.
Today, the High-Level Economic Dialogue between Türkiye and the European Union has been resumed in Brussels after six years.
BP Chair Helge Lund intends to step down "likely during 2026" and the process to pick his successor has started, the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company.
Wall Street’s major indexes tumbled sharply after U.S. President Donald Trump’s sweeping tariffs on key trade partners triggered fears of a trade war and global recession. Investors reacted with panic, sending markets into a steep decline.
The United States has expressed its willingness to form a partnership with Greenland in the event of its independence from Denmark, with Secretary of State Marco Rubio emphasising the need to prevent Chinese influence in the region.
Millions in Myanmar are still reeling from the aftermath of one of the strongest earthquakes in a century, as aid agencies navigate complex challenges to reach those in urgent need of assistance.
Azerbaijan, Kazakhstan, and Uzbekistan have partnered with regional banks to launch a clean energy project connecting Central Asia to Europe via the Caspian Sea.
The first Central Asia-EU Summit has strengthened regional ties, focusing on cooperation in counter-terrorism, trade, energy, and climate change. Leaders committed to supporting stability and development, with significant investments planned for infrastructure and sustainability.
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