On Monday, March 3, President Trump will meet with TSMC CEO Wei Che-chia at the White House to discuss the semiconductor company’s multi-billion-dollar investment plan in the United States.
In a statement, TSMC announced that its CEO, Wei Che-chia, plans to visit the White House on Monday. The company expressed, “We are excited to have the opportunity to meet with the President and look forward to discussing our shared vision for innovation and growth in the chip industry.” However, the statement did not provide further details about its investment plan.
Additionally, several media outlets cited sources familiar with the matter reporting that TSMC plans to invest $100 billion in the next four years to build chip factories in the United States. President Trump is expected to officially announce this news at 1:30 pm EST.
As a leading manufacturer of advanced artificial intelligence chips globally, TSMC’s investment will help solidify the United States’ dominant position in the field of artificial intelligence. The Wall Street Journal was the first to break this news.
Senior officials in the Trump administration have repeatedly emphasized their commitment to promoting the development of domestic manufacturing in the United States, particularly crucial amid the backdrop of U.S.-China competition for core technologies.
In 2022, during President Biden’s term, the “Chip Act” allocated $6.6 billion in government funding to TSMC to support the construction of three factories in Phoenix.
Even during Trump’s first term, based on national security considerations, the government successfully attracted TSMC to invest in the U.S. In 2020, TSMC made its first announcement to build an advanced chip factory in the United States, with officials from the Trump administration noting that the chips produced at the factory would power technologies ranging from artificial intelligence applications to the F-35 fighter jet.
In April 2024, TSMC further increased its factory investment by $25 billion, bringing the total to $65 billion, with a commitment to add a third factory in Arizona by 2030.
Commerce Secretary Howard Lutnick last month informed Congress that the government’s funding for chip companies was a “stellar down payment” to revitalize the industry, but further consideration was needed to “read, analyze, and understand” specific funding matters.
A TSMC spokesperson revealed last month that the company had received $1.5 billion in funding under the “Chip Act” before the start of the Trump administration and could apply for up to $5 billion in low-cost government loans according to the contract terms.
The second TSMC factory in Arizona is said to be utilizing the world’s most advanced 2-nanometer technology and is scheduled for production by 2028. Furthermore, TSMC has agreed to introduce its most advanced chip manufacturing technology, “A16,” in Arizona.