President Trump has inked another massive $100 billion deal with Taiwan Semiconductor Manufacturing Company (TSMC) to produce chip manufacturing plants in the United States.
President Trump made the announcement on Monday afternoon with Commerce Secretary Howard Lutnick and TSMC CEO C.C. Wei.
WATCH:
Trump: Today, Taiwan Semiconductor is announcing that they will be investing at least $100 billion in new capital in the United States over the next short period of time to build state of the art semiconductor manufacturing facilities.
I think, mostly, it’s going to be in Arizona, which is what I understand, which is a great, a great state. I like it because I won it. But I want most of them, actually, but I did we won it, and we won it big.
The most powerful AI chips in the world will be made right here in America, And it’ll be a big percentage of the chips made by his company, but as you know, they’re based mostly in Taiwan, and they’re far and away the biggest; there’s nobody even close this $100 billion in new investment will go into building five cutting edge fabrication facilities in the great state, as we just discussed, Arizona.
And we’ll create thousands of jobs, many thousands of jobs, and they’re high-paying jobs. In total, today’s announcement brings Taiwan Semiconductor investments to about 1$65 billion they’ve started already.
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This comes after President Trump announced that Apple will invest $500 billion, adding over 26,000 jobs to the U.S. market.
WINNING! Apple to Invest $500 Billion in U.S. After Trump Meeting With CEO Tim Cook — Will Add 20,000 Jobs Over Next Four Years
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