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Trump and TSMC announce $100 billion plan to build five new US factories

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Taiwan semiconductor company TSMC plans to make a fresh $100 billion investment in the United States that involves building five additional chip facilities there in coming years, its CEO announced with President Donald Trump on Monday.
The article from Reuters discusses how TSMC's CEO, C.C. Wei, met with former U.S. President Donald Trump to discuss the company's investment plans in the United States. TSMC, the world's largest contract chipmaker, has committed to investing $65 billion in Arizona over several years to build three factories, aiming to expand its manufacturing presence in the U.S. This move is part of a broader strategy to diversify its production away from Taiwan amid geopolitical tensions. During the meeting, Wei highlighted the significance of these investments for job creation and technological advancement in the U.S., emphasizing TSMC's role in supporting the American semiconductor industry. The discussion also touched on the importance of maintaining a stable business environment for such long-term investments.

Read the Full Reuters Article at:
[ https://www.reuters.com/technology/tsmc-ceo-meet-with-trump-tout-investment-plans-2025-03-03/ ]