TSMC CEO CC WEI is set to announce that Taiwanese semiconductor companies will invest $100 billion in the US to meet with President Trump on Monday, sources told Reuters.
Those who have been described on the issue are expected to announce the investment in a meeting with Set at 1:30pm on ET.
$100 billion is added to major advance investment announcements.
In April, TSMC agreed to expand its planned US investment from $25 billion to $65 billion, adding its third Arizona plant by 2030.
Under then-President Biden, the US Department of Commerce confirmed a $6.6 billion government subsidy for the US unit of TSMC for semiconductor production in Phoenix in November.
TSMC said on Monday that it will “more on discussing our shared vision for innovation and growth in the semiconductor industry and exploring ways to strengthen the technology sector with our customers.”
Biden signed the Chips Science Act in 2022, providing $52.7 billion in US semiconductor production and research grants, boosting domestic production, and making the US less dependent on semiconductors made in Asia.
Under Biden, the Commerce Department has persuaded all five cutting-edge semiconductor companies to find U.S. factories as part of a program to address national security risks from imported chips.
Trump's Secretary of Commerce Howard Lutnick told lawmakers last month that the program is a “good down payment” to rebuild the sector, but he refused to commit grants that have already been approved by the department and said he “want to read, analyze and understand them.”
A TSMC spokesperson said last month the company received a $1.5 billion chips law before the new administration entered the contract milestone terms.
Last year, TSMC agreed to produce the world's most advanced 2-nanometer technology at its second Arizona plant, which is scheduled to begin production in 2028. TSMC has agreed to use the most advanced chip manufacturing technology in Arizona called the “A16.”
TSMC has already begun production of advanced 4 nanometer chips for US customers in Arizona.
The TSMC Awards included low-cost government loans of up to $5 billion.
