Trump announces Taiwanese chipmaking giant TSMC to invest $100 billion in US manufacturing
C.C. Wei, chairman and CEO of TSMC
attends a ceremony for Taiwanese chip maker TSMC's first European plant in Dresden, Germany
. Wei met with President Donald Trump on Monday. Axel Schmidt/Reuters
Chipmaking giant Taiwan Semiconductor Manufacturing Company plans to invest at least $100 billion to grow its US manufacturing operations
President Donald Trump announced from the White House on Monday alongside the firm’s CEO C.C.
Wei, Commerce Secretary Howard Lutnick and White House AI and Crypto Czar David Sacks.
The announcement comes amid a larger push by Trump to encourage investments in American manufacturing.
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