Investing.com -- Taiwan Semiconductor Manufacturing Co. is set to announce a $100 billion investment in U.S. chip-making facilities over the next four years, a move expected to be unveiled by President Donald Trump later on Monday, according to the Wall Street Journal (WSJ).
The report states the investment would expand TSMC’s presence in Arizona, where the company already operates a $65 billion manufacturing hub.
The new funding is said to be aimed at cutting-edge chip-making facilities, part of a broader U.S. strategy to strengthen domestic semiconductor production, said the WSJ.
TSMC is the world’s largest contract chip maker, supplying advanced AI processors and smartphone chips.
While it has traditionally kept its most sophisticated factories in Taiwan, the U.S. has been pushing the company to shift more production, particularly in advanced chip packaging, which is crucial for AI applications, the WSJ reported.
The U.S. government has supported TSMC’s expansion through the 2022 Chips Act, which allocated billions in subsidies. TSMC has already been awarded $6.6 billion in grants under the program.
Trump has long advocated for more U.S.-based chip production, though he has criticized the Chips Act, arguing that tariffs would be a better incentive.
“We have to have chips made in this country,” he said in February.
The announcement follows a broader push by U.S. officials to reduce reliance on Asian semiconductor manufacturing, citing national security and economic stability, said the WSJ.