TSMC Pledges To Spend $100 Billion On US Chip Facilities

An anonymous reader quotes a report from TechCrunch: Chipmaker TSMC said that it aims to invest 'at least' $100 billion in chip manufacturing plants in the U.S. over the next four years as part of an effort to expand the company's network of semiconductor factories. President Donald Trump announced the news during a press conference Monday. TSMC's cash infusion will fund the construction of several new facilities in Arizona, C. C. Wei, chairman and CEO of TSMC, said during the briefing. 'We are going to produce many AI chips to support AI progress,' Wei said.

TSMC previously pledged to pour $65 billion into U.S.-based fabrication plants and has received up to $6.6 billion in grants from the CHIPS Act, a major Biden administration-era law that sought to boost domestic semiconductor production. The new investment brings TSMC's total investments in the U.S. chip industry to around $165 billion, Trump said in prepared remarks. TSMC, the world's largest contract chip maker, already has several facilities in the U.S., including a factory in Arizona that began mass production late last year. But the company currently reserves its most sophisticated facilities for its home country of Taiwan.

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