TSMC Lines Up $100 Bn For Chip Mfg Facilities In US: Trump

Washington: US President Donald Trump has said that Taiwan Semiconductor Manufacturing Co (TSMC) will invest $100 billion to build advanced chip producing facilities in the United States, as he is seeking to use tariffs to bolster domestic manufacturing.

The announcement came after Trump accused Taiwan last month of taking US. chip businesses away, arguing that those businesses should come back to America. During his confirmation hearing in January, Commerce Secretary Howard Lutnick also claimed that TSMC “leveraged” the US and took chip businesses from the US, reports Yonhap news agency.