Mar 04, 2025 01:32 PM IST
TSMC, or Taiwan Semiconductor Manufacturing Co, which in the meanwhile is the world’s largest chipmaker, will make investments a lot of those funds into the Arizona state.
Taiwanese semiconductor big TSMC might be investing at the least $100 billion to construct 5 “cutting edge” manufacturing amenities within the US, introduced President Donald trump on Monday.
U.S. President Donald Trump shakes fingers with C.C. Wei, Chairman and CEO of TSMC, as they make an announcement about an funding from Taiwan Semiconductor Manufacturing Firm (TSMC), within the Roosevelt Room on the White Home in Washington, D.C., U.S., March 3, 2025.(Reuters)
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This might create “many thousands” of high-paying jobs, Trump introduced throughout a White Home occasion, flanked by TSMC chief govt C.C. Wei.
The end result can be “three new fabrication plants, two advanced packaging facilities and a major R&D (research and development) team center,” whereas additionally supporting 40,000 development jobs over the subsequent 4 years, the report quoted TSMC as having mentioned in an announcement.
This comes at a time when TSMC has been dealing with calls for to maneuver its manufacturing out of Taiwan attributable to fears that conflicts with China can disrupt provides of the essential know-how.
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Yet one more push was Trump’s menace of a 25 per cent tariff on all semiconductor chips made exterior the US.
Nevertheless, this new funding is other than the over $65 billion it had pledged throughout former President Joe Biden’s administration to construct three factories in the identical state. Solely one among them have begun manufacturing to date, in late 2024.
The newest announcement brings the entire dedicated quantity to about $165 billion, in keeping with Wei who added that regardless of all this, it was nonetheless necessary that Taiwan maintains its “key position” within the world chip provide chain.
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A major cause for that is to make use of chip manufacturing as a “silicon shield” in opposition to a doable invasion or blockade by China which has been claiming that the island nation is a part of its personal territory.
Really helpful Subjects Information / Enterprise / Taiwan’s TSMC publicizes contemporary $100 billion funding for brand spanking new chip vegetation in US
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