Doug O'Loughlin, president of Semiana Schrysis, categorizes the ultimate future of artificial intelligence.
The Taiwan Semiconductor Manufacturing Company (TSMC), a major semiconductor company, is set to announce its $100 billion investment on Monday, a White House official told Fox News.
TSMC, a Taiwan-based chip maker that builds advanced semiconductors used to power smartphones and artificial intelligence (AI) models, is expected to announce its investment following a meeting with its president Donald Trump.
The investment is expected to focus on sophisticated semiconductor manufacturing facilities over the next four years.
TSMC previously invested in its Arizona chip factory with its first $12 billion investment, and last April announced an additional $25 billion investment to add a third factory to its Arizona facility by 2030 to add a total investment to $65 billion.
The company also received grants of up to $6.6 billion from the Arizona facility's chips law, as well as other federal funds aimed at strengthening domestic semiconductor manufacturing in the United States.
“We look forward to discussing our shared vision for innovation and growth in the semiconductor industry, and we look forward to exploring ways to strengthen the technology sector with our customers,” TSMC said on Monday.
Reuters contributed to this report.
