Trump’s social media post announced a day after the increase in cryptocurrency markets.
A White House official told Fox News that the semiconductor veteran Taiwan Semiconductor Manufacturing Company (TSMC) is expected to announce an investment of $ 100 billion on Monday.
TSMC, a Taiwan -based chipmaker that creates advanced semiconductor, is used to power smartphones and Artificial Intelligence (AI) models, hopefully announced investment after meetings with the President. Donald Trump,
Investment is expected to focus on advanced Semiconductor manufacturing Facilities in the next four years.
TSMC has earlier invested in an initial $ 12 billion investment at a chip factory in Arizona, and last April announced an additional investment of $ 25 billion, which to add a third factory to its Arizona facility to bring its total investment to $ 65 billion by 2030.
The company received a prize of up to $ 6.6 billion from the Chips Act for Arizona Facility and also received the award of other federal funds with Arizona facility with the aim of increasing domestic semiconductor manufacturing in the US.
TSMC said on Monday that it is “ready to discuss our shared vision for innovation and development in the semiconductor industry, as well as searching for ways to strengthen the technology sector with our customers.”
Reuters contributed to this report.
