US Investment - Business Outrank

Taiwan’s leading semiconductor company, TSMC, has revealed an additional $100 billion for the construction of five new state-of-the-art facilities in the United States. This strategic move was announced by President Donald Trump on Monday and is said to be the biggest. TSMC, the world’s largest chip maker, is expected to spend most of the funds in Arizona, reports say. On Monday, Trump announced during a White House event with TSMC CEO C.C. Wei that this investment would lead to the construction of three fabrication plants, two advanced packaging facilities, and one state-of-the-art research and development center. It is expected to create thousands of high paying jobs and support 40,000 construction jobs over the next four years. This decision comes as Taiwan is facing increasing pressure to shift semiconductor manufacturing base due to threats from China. The tension between Taiwan and China has increased fear that any conflict may adversely affect the global chip supply. Furthermore, the threat by Trump to impose a 25 percent tariff on semiconductor chips made outside the United States has also quickened the momentum for domestic production. Nevertheless, this is an extra $100 billion commitment besides the $65 billion that TSMC had previously announced during the administration of former President Joe Biden to build three factories in Arizona. Despite those earlier plans, only one facility has started production, starting in late 2024. With the new investment, TSMC’s total investment in chip manufacturing in the U.S. is about $165 billion. Nevertheless, Wei argued that there is still a need for Taiwan in the semiconductors supply chain of the world. He argued that Taiwan has to keep the top position in chip production, and the industry is like a ‘silicon shield’ against Chinese aggression or blockade. The small nation has been on the limelight of the geopolitics as China considers Taiwan as its territory. As the global demand for semiconductors continues to rise, Taiwan’s TSMC continues to play a leading role in the international market as well as in the domestic chip manufacturing industry.

What's Hot

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: US Investment

Taiwan’s TSMC Unveils Massive $100 Billion US Investment Amid Rising Tensions

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

A Joyous Union Celebrated by the Upadhyay Family

Our Picks

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

Most Popular

How to optimise instagram account to increase more followers

Maruti Suzuki Company expanded the SUV lineup with a new mid-size model Victoris.

US House passes bill to ban TikTok

Subscribe to Updates

What's Hot

Browsing: US Investment