Reported about 4 hours ago
Taiwan Semiconductor Manufacturing Co. (TSMC), the leading producer of AI chips, plans to invest an additional $100 billion in U.S. manufacturing plants. This investment aims to increase domestic chip production and aligns with President Donald Trump's goals for enhancing U.S. manufacturing. The funding will bolster TSMC's presence in the U.S., supporting AI technology and creating thousands of high-tech jobs. Following TSMC's announcement, Trump highlighted the significant role semiconductors play in the economy, while analysts noted that political pressures, rather than tariffs, may have influenced TSMC’s decision.
Source: YAHOO