World-leading Taiwanese semiconductor foundry TSMC is to invest an additional $100bn in semiconductor manufacturing facilities in Arizona, taking its overall investment in the state to $165bn.
Dr. C.C. Wei, Chairman and CEO, said TSMC would build three new fabs, two advanced packaging fabs and a research and development centre, which will support AI and smartphone progress. He said it marked the largest foreign direct investment in US history.
Under the Biden administration, TSMC received a $6bn grant, prompting the initial $65bn investment tranche.
TSMC said the extra investment would support customers such as Apple, NVIDIA, AMD, Broadcom, and Qualcomm and support 40,000 construction jobs in the next four years.
The new investment has arisen because TSMC “can avoid paying tariffs,” according to a White House statement.
In addition to its latest manufacturing site in Phoenix, TSMC operates a fab in Camas, Washington, and design service centres in Austin, Texas, and San Jose, California.
Speaking at The White House, President Donald Trump showered praise on Wei and said it was a “tremendous move” by the leading chip company.
“I think I can say, in the world of chips, certainly, but in the world pretty much of business, nobody has done what he’s done … he is a legend.”
