President Donald Trump said that the U.S. lost semiconductor manufacturing to Taiwan and other countries and lauded his efforts to bring chip production back to America.
Trump took to Truth Social early Thursday and highlighted the partnerships he facilitated between Intel Corporation (NASDAQ:INTC), Nvidia Corporation (NASDAQ:NVDA) and Tesla Inc.
(NASDAQ:TSLA) to design and manufacture chips domestically.
"…we helped bring in Nvidia, and they agreed to build their first level Chips with Intel.
Next, Elon agreed to build his TerraFab, the largest Chip Factory in the World, designed together with Intel's Technology team," Trump wrote.
