TSMC to spend $ 100 billion in the US in the next four years

The world’s largest chip manufacturer Taiwan semiconductor manufacturing company, intends to spend $ 100 billion in the United States over the next four years to expand its production capacity and bring its most advanced semiconductor processes for its operation in Arizona.

TSMC CEO CC WeI is expected to unveil investment and production plans on Monday during an appearance with President Trump at the White House, stating that two people familiarize the plan who asked for oblivion as it has not been announced.

Investment comes after years of work to modify the domestic manufacturing of semiconductors. During the previous Trump administration, the purpose of a bilateral bill was the purpose of the push for the reconstruction of the industry and the passage of the Biden administration, the aim of the United States was to reduce the United States to be less dependent on Asia for small electronics, which is everything from cars to iPads.

Investment was reported earlier The Wall Street Journal,

In the last decade, TSMC has corn the market on chip construction. It focuses its production in Taiwan, increasing concerns in Washington that the United States may lose access to advanced chips as Beijing wants to recover the island as part of China.

Under the Chips Act, TSMC committed to invest $ 65 billion for the construction of three factories in Arizona. This production process to bring to the United States is an inheritance technique that creates less sophisticated chips than in Taiwan. It received $ 6.6 billion in federal funds to support the project.

Since assuming office in January, Mr. Trump has pressurized TSMC to bring its more advanced production processes to the United States. He has threatened 100 percent tariffs on Taiwan’s chips and criticized the Chips Act for failing to make more chips domesticly to make more chips to companies like TSMC.

TSMC and Taiwan officials are hitting the feet to respond to the dangers of Mr. Trump. In January, Mr. Wei met with Commerce Secretary Howard Lutnik, who was about TSMC’s investment. He discovered the possibility of investment of TSMC at US chipmaker, Intel, in a deal, which would take it on the manufacturing operation of the Silicon Valley icon. Taiwan officials also traveled to Washington and made deals to invest in the United States.

But Mr. Trump maintained his pressure on the company and Taiwan’s government. During the White House News Conference in February, Mr. Trump said“Taiwan removed our chip business. We had Intel. We had these great companies who did so well. This was taken from us and we want that business back. We want it back to the United States and we are not going to be very happy if they do not bring it back. ,

With its presence on Monday, TSMC will become the latest in a string of companies to visit the White House and make investment commitment. In January, Openi, Oracle and SoftBank promised to spend $ 500 billion at data centers over the next four years. Last month, the Chief Executive Officer of Tim Cook, Apple met with Mr. Trump, the company committed to spend $ 500 billion in four years, some of which were going to a new factory to build Artificial Intelligence Server in a new factory in Houston.

“In 2020, thanks to President Trump’s vision and support, we began our journey to establish advanced chip construction in the United States,” a TSMC spokesman said in a statement on Monday. “We are ready to discuss our shared vision for meeting with the President and innovation and development in the semiconductor industry.”