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TSMC to invest $100 Billion in U.S. chip manufacturing, President Trump announces from The White House
Taiwan Semiconductor Manufacturing Company (TSMC) plans to invest at least $100 billion to expand its manufacturing operations in the United States, President Donald Trump announced from the White House.
The announcement was made alongside TSMC CEO C.C. Wei, Commerce Secretary Howard Lutnick, and White House AI and Crypto Czar David Sacks. The move is part of Trump’s broader push to boost American manufacturing and technological leadership.
“This is a tremendous move by the most powerful company in the world,” Trump said. “It’s a matter of economic security, and it’s also a matter of national security for us.” He added that the investment would help TSMC diversify its operations beyond Taiwan.
The investment will support the construction of five advanced chipmaking facilities in Arizona and is expected to create thousands of jobs. TSMC, the world’s largest semiconductor manufacturer, produces chips that power everything from iPhones and AI systems to cars and medical devices.
The move aligns with U.S. efforts to expand its role in global semiconductor manufacturing and maintain a competitive edge over China in AI development.
This new commitment builds on TSMC’s ongoing expansion in the U.S., which includes two Arizona factories—one of which began producing chips for Apple in January. Monday’s announcement brings TSMC’s total U.S. investments to approximately $165 billion, according to Trump.
TSMC is just the latest major tech company to pledge massive investments in U.S. infrastructure. Last week, Apple announced a $500 billion plan to expand its manufacturing and facilities across the country. In January, Oracle, OpenAI, and SoftBank revealed plans to launch a new company, Stargate, with a $500 billion investment aimed at developing AI infrastructure in the U.S.
The UN Human Rights Council has condemned Iran for rights abuses and ordered an expanded investigation into a crackdown on anti-government protests that killed thousands, as Tehran warned any military attack would be treated as an all-out war.
Firefighters were clearing the charred ruins of a Karachi shopping mall in Pakistan on Tuesday (20 January) as they searched for people still missing after a fire that burned for nearly two days and killed at least 67 people, police said.
Türkiye’s Foreign Minister Hakan Fidan said on 23 January there are signs Israel is still seeking an opportunity to attack Iran, warning that such a move could further destabilise the Middle East.
Thousands of people took to the streets of Albania’s capital Tirana on Saturday in an anti-government protest sparked by the indictment of Deputy Prime Minister Belinda Balluku over alleged corruption linked to major infrastructure projects.
Minnesota Governor Tim Walz has activated the state’s National Guard following the fatal shooting of a U.S. citizen in Minneapolis, an incident that has triggered protests and intensified tensions between state and federal authorities.
Minnesota Governor Tim Walz has activated the state’s National Guard following the fatal shooting of a U.S. citizen in Minneapolis, an incident that has triggered protests and intensified tensions between state and federal authorities.
A mosaic portrait of Pope Leo XIV was illuminated on Sunday at the Basilica of St. Paul Outside the Walls in Rome, continuing a centuries-old Vatican tradition marking the election of a new pope.
North Korean leader Kim Jong Un has visited an art studio to oversee sculptures for a memorial dedicated to North Korean soldiers killed while fighting overseas, state media said, amid growing scrutiny of Pyongyang’s military role in Russia’s war in Ukraine.
A senior U.S. immigration official defended the continuation of an enforcement mission in Minneapolis on Sunday, saying enforcing the law is a "duty." Tensions are high following the fatal shooting of nurse and U.S. citizen Alex Pretti by federal agents.
Britain’s Labour Party has blocked Manchester mayor Andy Burnham from standing to return to parliament, a move that has fuelled accusations from party figures that Prime Minister Keir Starmer is seeking to sideline a potential leadership rival.
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