TSMC Group CEO CC Wei will stand up to the chip factory’s future site under the name European Semiconductor Manufacturing Company (ESMC) in an iconic groundbreaking ceremony.
Sebastian Karnart | Photo Alliance | Getty Images
Taiwan Semiconductor Manufacturing President Donald Trump will pour $100 billion into strengthening chip manufacturing in the United States, announced Monday.
The president called the investment “a tremendous move by the world’s most powerful company.” New Capital will increase TSMC’s total investment in the US to $165 billion and build five new manufacturing facilities in Arizona.
Announcement from TSMC. nvidia and apple Regarding the use of artificial intelligence, we support the Trump administration’s ongoing efforts to make the United States an artificial intelligence hub.
Last month, Trump announced a multi-billion-dollar AI infrastructure project OracleOpenai and SoftBank. He also made many calls to bring semiconductor production back to the US after much of the manufacturing industry moved overseas. Progress in semiconductor production in the United States is an economic and national security issue, Trump said Monday.
Trump repeatedly cried out Taiwan, accusing U.S. chip manufacturing of stealing US chip manufacturing and touting tariffs on semiconductor imports. The company’s finance chief, Wendell Fan, told CNBC in January that he was confident the new White House administration will continue to fund the company’s US ambitions.
TSMC is already making progress in expanding its footprint in the US ahead of its announcement Monday. The company committed $12 billion to build its first US chip factory in Arizona in 2020, and later raised its investment to $65 billion at its third factory. It also receives US government support through a $6.6 billion grant from the US Department of Commerce.
A spokesman for Nvidia told CNBC that chipmakers “hardly take advantage of TSMC’s global manufacturing network to increase the agility and resilience of our supply.”
According to WSJ, Watch: Broadcom and TSMC are exploring some Intel deals
