The Trump administration announced Thursday that Taiwan Semiconductor Manufacturing Co. is investing an additional $100 billion in a deal with the United States. File Photo by Ritchie B. Tongo/EPA
July 16 (UPI) -- The Trump administration announced Thursday that Taiwan Semiconductor Manufacturing Co. is investing an additional $100 billion in a deal with the United States.
The latest investment brings TSMC's total investment into U.S. semiconductor manufacturing to $265 billion as part of a deal that Taiwan and the United States entered under the Biden administration.
TSMC's investment is aimed at advanced semiconductor manufacturing and packaging facilities in Arizona. Taiwanese investment has gone toward 12 semiconductor facilities in the United States so far.
"President Trump's leadership is driving companies to invest in American manufacturing," Howard Lutnick, commerce secretary, said in a statement. "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."
