Total U.S. semiconductor commitment reaches $265 billion
The Trump administration announced Thursday that Taiwan Semiconductor Manufacturing Co. will invest an additional $100 billion in its Arizona facilities, expanding a semiconductor manufacturing buildout that began under the Biden administration, United Press International reported.
TSMC’s total U.S. investment now stands at $265 billion. Taiwanese investment has so far gone toward 12 semiconductor facilities across the country, according to UPI.
Commerce Secretary Howard Lutnick said in a statement that the investment will “create tens of thousands of American jobs and bring advanced semiconductor manufacturing back to America.”
“President Trump’s leadership is driving companies to invest in American manufacturing,” Lutnick said.
TSMC Chairman C.C. Wei said the expanded Arizona facilities will focus on producing advanced chips and packaging capacity to meet strong demand from the company’s U.S. customers.
“This is to build several or more semiconductor logical wafer fab for two nanometer MP [mass production] technologies, as well as advanced packaging fabs to support the strong multi-year demand from our leading U.S. customers,” Wei said in a statement.
The investment comes as TSMC’s revenue and profit continue to surge. The company reported a 77% profit spike in the second quarter and forecast third-quarter revenue of $44.6 billion to $45.8 billion.
The Biden administration awarded TSMC Arizona $6.6 billion in funding in 2024 to build three manufacturing plants in the Phoenix area. Former President Joe Biden at the time called the project “the largest foreign direct investment in a greenfield project in the history of the United States” and said it would “create tens of thousands of jobs by the end of the decade.”