Trump, TSMC CEO to announce new $100 billion US investment plans

President Donald Trump and the head of the Taiwanese semiconductor company TSMC CEO C.C. Wei will announce plans on Monday for a four-year, $100 billion investment in the United States, sources told Reuters.

A White House official and a person briefed on the matter said Taiwan Semiconductor Manufacturing Co. is expected to announce the investment, which will include building additional chip factories in the U.S. in the coming years, in a meeting with Trump set for 1:30 p.m. (1830 GMT).

TSMC, the world's largest contract chipmaker, is a leading supplier to major U.S. hardware manufacturers.

The $100 billion outlay, which would boost domestic production and make the United States less reliant on semiconductors made in Asia, is in addition to a major prior investment announcement. TSMC agreed in April to expand its planned U.S. investment by $25 billion to $65 billion and to add a third Arizona factory by 2030.

With his November 5 election victory largely driven by voters' economic concerns, Trump has stepped up efforts to bolster investments in domestic industries to create jobs.

The TSMC announcement is the latest in a string of such developments. In February, Apple said it would invest $500 billion in the next four years. Emirati billionaire Hussain Sajwani and SoftBank also have promised multi-billion dollar investments in the U.S.

TSMC said on Monday it looks "forward to discussing our shared vision for innovation and growth in the semiconductor industry, as well as exploring ways to bolster the technology sector along with our customers."

The U.S. Commerce Department under then President Joe Biden finalized a $6.6 billion government subsidy in November for TSMC's U.S. unit for semiconductor production in Phoenix, Arizona.

Biden signed the CHIPS and Science Act legislation in 2022 to provide $52.7 billion in subsidies for American semiconductor production and research

Taiwan's dominant position as a maker of chips used in technology from cellphones and cars to fighter jets has sparked concerns of over-reliance on the island, especially as China ramps up pressure to assert its sovereignty claims.

China claims Taiwan as its territory, but the democratically elected government in Taipei rejects Beijing's sovereignty claims.

Under Biden, the Commerce Department convinced all five leading-edge semiconductor firms to locate factories in the U.S. as part of the program to address national security risks from imported chips.

Trump's Commerce Secretary Howard Lutnick told lawmakers last month that the program was "an excellent down payment" to rebuild the sector, but he has declined to commit grants that have already been approved by the department, saying he wanted to "read them and analyze them and understand them."

A TSMC spokesperson said last month the company had received $1.5 billion in CHIPS Act money before the new administration came in as per the milestone terms of its agreement.

TSMC last year agreed to produce the world's most advanced 2-nanometer technology at its second Arizona factory expected to begin production in 2028. TSMC also agreed to use its most advanced chip manufacturing technology called "A16" in Arizona.

TSMC has already begun producing advanced four-nanometer chips for U.S. customers in Arizona.

The TSMC award included up to $5 billion in low-cost government loans.