White House: Trump will announce TSMC's $100 billion chip factory investment plan

ChainCatcher news, according to The Wall Street Journal, informed sources revealed that under a plan expected to be announced by U.S. President Trump later on Monday evening local time, TSMC (TSM.N) plans to invest $100 billion in the U.S. over the next four years to build chip manufacturing plants. This investment will be used to construct cutting-edge chip manufacturing facilities. This expansion plan will promote the long-term goal of revitalizing the U.S. semiconductor industry.

TSMC established its presence in Arizona in 2020, when the company announced it would invest $12 billion to build a chip factory there. Since then, the company's ambitions for the site have rapidly expanded, with two additional factories built at the same location, totaling an investment of $65 billion. The company's first factory began mass production at the end of last year.

U.S. White House officials later confirmed that President Trump and chip manufacturer TSMC (TSM.N) will make an announcement at 1:30 PM Eastern Time (2:30 AM Beijing time tomorrow), expected to announce TSMC's $100 billion investment in the U.S.