TSMC has said it will invest an additional $100bn (£79bn) to build chipmaking facilities in the US as Donald Trump ramps up tariffs on foreign imports.
The Taiwanese giant is renowned for its cutting-edge semiconductor manufacturing capabilities that are capable of producing some of the most advanced chips available, including those used in Apple’s iPhone and top-tier Android devices.
The firm already pledged a $65bn investment in 2022 under former US President Joe Biden to build a chipmaking plant in Arizona (pictured), although that project faced delays due to a shortage of skilled workers.
The additional $100bn pledged includes plans for three new fabrication plants, two advanced packaging facilities and an R&D team centre.
TSMC said its expanded investment would support 40,000 construction jobs over the next four years and create tens of thousands of high-paying jobs.
“Back in 2020, thanks to President Trump’s vision and support, we embarked on our journey of establishing advanced...