Taiwan Semiconductor Manufacturing Company (TSMC) is scheduled to announce a $100 billion investment in a US chip manufacturing plant on Monday, the White House confirmed.
The billions of dollars initially reported by the Wall Street Journal will grow over the next four years.
TSMC CEO CC Wei will be in the White House later Monday, the semiconductor company said.
“In 2020, thanks to President Trump's vision and support, we embarked on a journey to establish advanced chip manufacturing in the United States,” a TSMC spokesperson said in a statement.
“We look forward to having the opportunity to meet with the President and 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,” they continued.
TSMC has invested more than $65 billion to build a series of fabs in Arizona, first announced in 2020. The first of the three fabs began production in the fourth quarter of last year.
The semiconductor giant's announcement is the latest in a string of commitments from leading technology companies. Last week, Apple announced plans to invest $500 billion and employ 20,000 people in the US over four years.
In early January, Trump announced that Emirati billionaire Hussein Sajwani intended to invest $20 billion to build a data center in the United States.
The announcement came weeks later, President Trump announced a $100 billion commitment from Japanese company SoftBank to invest in American artificial intelligence (AI) and other emerging technologies.
