Under the Taiwan trade deal, TSMC is now planning to invest a record $265 billion to increase its semiconductor manufacturing in the U.S.
The U.S. Department of Commerce, along with the White House, announced a $100 billion incremental investment by the Taiwan Semiconductor Manufacturing Company (TSMC). The new investment is an addition to $165 billion previously agreed upon by the company to invest in advanced semiconductor manufacturing and packaging facilities in Arizona. The total $265 billion is expected to provide 12 total facilities in the United States.
Commerce Secretary Howard Lutnick stated, “President Trump’s leadership is driving companies to invest in American manufacturing. TSMC’s announcement of an additional $100 billion investment following our historic deal on trade and investment with Taiwan will create tens of thousands of American jobs and bring advanced semiconductor manufacturing back to America.”
TSMC Chairman and CEO Dr. C.C. Wei stated, “This [investment] is to support the strong multi-year demand from our leading U.S. customers, and we believe this investment will further foster the development of the U.S. semiconductor ecosystem, strengthen the supply chain, and support significant job creation in the United States.”
As the Lord Leads, Pray with Us…
- For Secretary Lutnick as he leads the Department of Commerce in fostering positive relationships with foreign and domestic companies.
- For U.S. trade officials as they forge stronger trade relationships with international partners.
- For President Trump as he continues to work to find ways to improve American manufacturing.
Sources: Department of Commerce
