On Friday, February 28, 2025, President Donald Trump was seen on the South Lawn of the White House in Washington before boarding Marine One. On March 3, it was confirmed by a reliable source, that Trump will announce a substantial investment of $100 billion by Taiwan Semiconductor Manufacturing Company (TSMC) in the United States.
As the leading producer of semiconductors for tech giants like Apple, Intel, and Nvidia, TSMC had previously pledged over $65 billion for U.S. investment, including projects in Arizona, bolstered by financial incentives from the Biden administration. The specifics of the new $100 billion investment, beyond the existing commitments, remain unclear.
TSMC’s CEO is set to meet with President Trump on Monday, as confirmed by the company, though additional details about the meeting were not disclosed.
The White House has yet to provide comments regarding this development. Significantly, TSMC’s board convened in the United States recently but did not reveal plans for heightened investment, contrary to public speculation.
The CHIPS and Science Act, enacted by former President Joe Biden in 2022, sought to enhance U.S. chip production following the disruptions during the COVID-19 pandemic that severely impacted global chip supply chains. As overseas factories halted operations, it caused subsequent supply issues, notably in the automotive sector, and drove inflation.
President Trump has expressed opposition to Biden’s law, favoring instead high tariffs on imported semiconductors to encourage domestic manufacturing, arguing companies like TSMC do not require federal tax breaks.
Since taking office, Trump has held numerous meetings with business leaders, showcasing investments that highlight economic benefits attributed to his administration. Recently, collaborations with companies such as OpenAI, Oracle, and SoftBank have been announced, with commitments to AI-related infrastructure investments.
In January, after Apple’s CEO Tim Cook’s visit to the White House, it was revealed that Apple plans a $500 billion U.S. investment, including a new server factory in Texas, following assurances to move manufacturing from Mexico back to the U.S.
This upcoming announcement by TSMC, first reported by The Wall Street Journal, underscores Trump’s ongoing strategy to promote substantial foreign and domestic investments in the U.S. economy.