Name: BREAKING: President Trump Announces $100 Billion TSMC Investment In The US, Takes Reporter Questions
Uploaded: 2025-03-04T08:42:58.000Z
Duration: 28 min 18 s
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This is a very big day for a lot of reasons, but this gentleman is a very unique man.

It's, I think I could say in the world of chips, certainly, but in the world pretty much of business, nobody's done what he's done.

And for those of you that are into that world, you would say, wow, he's a legend.

But he is a legend, and it's an honor to be with you.

Welcoming from TSMC, which is the biggest there is at a level that you can't even calculate, frankly.

CC Way to the White House for a very historic announcement.

This is a tremendous thing for our country and hopefully for his company.

We're also pleased to be joined by Commerce Secretary Howard Lutnick and White House AI and CIP, the crypto czar, David Sachs, another two very highly respected people.

It's great to have you guys involved in David.

David is sort of the king of intellect in that world.

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 state.

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.

This $100 billion in new investment will go into building five cutting-edge fabrication facilities in the great state that we just discussed, Arizona, and will create thousands of jobs, many thousands of jobs, and high-paying jobs.

In total, today's announcement brings Taiwan Semiconductor investments to about $165 billion.

They've started already among the largest new foreign direct investments in the United

Apple, as you know, made a big announcement last week of $500 billion, and we have some others that have announced.

But I don't have time to do all of these announcements, I tell you.

This will create hundreds of billions of dollars in economic activity and boost America's dominance in artificial intelligence and beyond.

Semiconductors are the backbone of the 21st century economy, and really, without the semiconductors, there is no economy.

Powering everything from AI to automobiles to advanced manufacturing, and we must be able to build the chips and semiconductors that we need right here in American factories with American skill and American labor.

As you know, Taiwan pretty much has a monopoly on that market, and I think pretty much is not a term that's even appropriate.

They do have a monopoly, and this is a tremendous move by the most powerful company in the world.

It's also a matter of national security for us.

And at the same time, Mr. Wei will be able to diversify and have his tremendous presence in another place, in a very safe place.

And I want to thank Taiwan Semiconductor for doing the announcement.

And I'd like to ask Mr. Wei to say a few words, if you might.

And I'd also like to ask Howard and David, you can say a couple of words.

But maybe you should go first, because right now, he's the most important man in the room.

I'm a little bit nervous, so I have to pull out my piece of paper.

Mr. President, Secretary Learned, and David, I didn't know that you are a tightrope, but

First, I want to say thank you to Mr. President to give me this opportunity to announce our big project in the U.S.

TSMC is the world's largest chip manufacturing, funded by Dr. Maurice Chen in 1987.

It's now at the forefront of semiconductor technology, supporting AI advancement and industry growth.

In fact, I would like to wind back the time that in 2020, we have to thank President Trump's vision and his support.

So TSMC start the journey of establishing the advanced chip manufacturing in Arizona.

And now, let me proudly say, now the vision become reality.

In Phoenix, Arizona, with 3,000 employees, we are producing the most advanced chip made on U.S. solar.

With the success of our first fab, so we are now very happy to announce we are going to invest additional $100 billion U.S. in addition to our current $65 billion U.S. investment in Arizona.

We are going to build three more new fab after we promised the three fabs already, and another two very advanced packaging fab, and most important, an R&D center also in Arizona.

For this, all the investment, $165 billion, is going to create thousands of high-paid jobs, as the President just announced.

And we are most important, actually, we are going to produce many AI chips.

We are going to produce many chips to support the AI's progress and to support the smartphone's progress.

And again, with that, I want to thank President Trump again for his support.

In addition, I also want to thank my customers in the U.S., such as Apple, NVIDIA, AMD, Qualcomm,

They all support TSMC's manufacturing in the U.S.

Without their support, we probably cannot make it true.

Also, I'd like to thank the TSMC's employee.

Without their effort, we just cannot make it today.

So I'm thrilled to be here today, because President Trump has made it a fundamental objective to bring semiconductor chip manufacturing home to America.

Under the Biden administration, TSMC received a $6 billion grant, and that encouraged them to build $65 billion.

So America gave TSMC 10% of the money to build here.

And now you're seeing the power of Donald Trump's presidency, because TSMC, the greatest manufacturer of chips in the world, is coming to America with a $100 billion investment.

And of course, that is backed by the fact that they can come here because they can avoid paying tariffs.

So the idea is come to America, build greatness in America, build for the American customers, the Apple, NVIDIA, that whole list that Chairman Wei gave in order to bring production to America.

This continues the most incredible path you've ever seen in these first weeks and months of the Trump administration of incredible manufacturing coming to America.

The keys that the president has called out are coming here.

They're coming here in huge size because they want to be in the greatest market in the world, and they want to avoid the tariffs that if they're not here, they'd have to suffer.

So I want to congratulate C.C. Wei for bringing in this incredible $100 billion investment, but it's on the shoulders of our president, Donald Trump, which is why he's coming.

Well, the products that TSMC makes are literally the most important products in the world.

I mean, these advanced chips power everything.

And without them, the whole modern economy would stop.

But they're not made in the United States.

So for TSMC to move here is a huge, huge development.