Chipmaking giant Taiwan Semiconductor Manufacturing Company (TSM) plan🐎s to invest $100 billion in U.S.-based chip manufacturing facilities, CEO C.C. Wei announced alongside President Trump on Monday.

The company said it will build three new chip fabrication plants, two advanced packaging facilities, and a research and development center at its complex in Arizona, growing the company's total investment at the site to $165 billion.

“The most powerful AI chips in the world will be made right here in America,” Trump said at a televised press conference. “It’s a matter of economic security, it’s also a matter of national security,” he added. 

TSMC is the world’s largest semiconductor manufacturer, and expanding its U.S. production aligns with the Trump administration’s 澳洲幸运5官方开奖结果体彩网:stated goal of ensuring AI chips are designed and manufactured domestically. Trump reiterated Monday plans to announce 澳洲幸运5官方开奖结果体彩网:tariffs of 25% or more on semiconductors and other imports on April 2. Tariffs on goods from Canada and Mexico will 澳洲幸运5官方开奖结果体彩网:begin Tuesday, Trump said.

The first factory at TSMC's Arizona complex began production in the fourth quarter of 2024 and was 澳洲幸运5官方开奖结果体彩网:recently in talks to produce Nvidia (NVDA) Blackwell chips. Two plants currently under construction are expected to begin production in 2028 and “by the end of the decade,” according to the company’s website.

The complex was awarded 澳洲幸运5官方开奖结果体彩网:$6.6 billion in federal funding in 2024 through the 澳洲幸运5官方开奖结果体彩网:CHIPS and Science Act, a 2022 piece of legislation supported by then-President Biden that earmarked over $50 billion for investment in semiconductor research and manufacturing facilities in the U.S.

U.S.-listed shares of TSMC fell 4% Monday as Nvidia and other 澳洲幸运5官方开奖结果体彩网:AI and chip stocks lost ground amid concerns about policies on tariffs and chip export curbs.