U.S. President Donald Trump announced on Tuesday that he warned Taiwan Semiconductor Manufacturing Company (TSMC) that it would incur a tax penalty of up to 100% if it fails to build its new factories in the United States.
“TSMC, I gave them no money … all I did was say, if you don't build your plant here, you're going to pay a big tax,” Trump said during his remarks. TSMC declined to comment on his statement.
In March, TSMC, the world's largest contract chipmaker, announced plans to invest an additional $100 billion in the United States, which would include the construction of five new chip facilities over the coming years. This move is seen as a significant boost for domestic semiconductor production.
Earlier on Tuesday, Reuters reported that TSMC could be facing a penalty exceeding $1 billion as part of a U.S. export control investigation. The probe centers on a chip produced by TSMC that was later incorporated into an AI processor used by Huawei Technologies.
Trump’s remarks underscore his administration’s broader strategy to incentivize U.S. manufacturing and reduce reliance on foreign production amid escalating trade tensions and concerns over national security. The criticism of previous administrations and strong stance on domestic industry highlight the current U.S. policy to ensure that key technology sectors remain under American control.
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Visitors to some of UK’s major cities, including London, could soon be paying extra, if they stay overnight in hotels or Airbnb style accommodation by paying a tourist tax.
Spotify projected third-quarter profit below market expectations on Tuesday, citing increased tax expenses linked to employee compensation, despite strong demand for its premium subscription services.
U.S. President Donald Trump signed his landmark “One Big, Beautiful Bill” into law on Friday, calling it a "triumph of democracy" during a Fourth of July ceremony at the White House.
Carlos Ray “Chuck” Norris, the martial artist, actor and cultural icon best known for his roles in action films and the long-running CBS series Walker, Texas Ranger, has died at the age of 86.
President Donald Trump said the U.S. was considering "winding down" its military operation against Iran, as Iran and Israel traded attacks on Saturday (21 March) and Iranian media said the nuclear enrichment facility in Natanz had been attacked.
The trailer for Spider-Man: Brand New Day has officially become the most-watched trailer of all time, racking up 718.6 million views in its first 24 hours and surpassing the previous record set by Deadpool & Wolverine in 2024.
Slovenia heads to the polls on Sunday (22 March) in a closely contested race between incumbent Prime Minister Robert Golob and right-wing former Prime Minister Janez Janša.
Italy is voting on 22 and 23 March in a judicial reform referendum that could reshape the justice system and test Prime Minister Giorgia Meloni’s political strength ahead of the 2027 general election.
Belgium has marked the 10th-anniversary of the 2016 Brussels terror attacks, remembering the victims of the country’s deadliest peacetime attack and reflecting on changes to national security.
A drone attack on a hospital in East Darfur, Sudan, has killed at least 64 people and injured 89 more, the World Health Organisation (WHO) reported on Saturday.
Cuba’s national power grid went down on Saturday, cutting electricity for millions, officials said. The outage marks the second nationwide blackout in a week and the third major grid failure in March.
A British nuclear-powered submarine armed with Tomahawk cruise missiles has reportedly taken up position in the Arabian Sea, the Daily Mail reported on Saturday (21 March). The deployment gives the UK the ability to carry out long-range strikes if tensions in the Gulf escalate.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 22 March, covering the latest developments you need to know.
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