The Roosevelt Room was abuzz with excitement as President Trump welcomed C.C. Wei, the Chairman of TSMC, for a historic announcement. TSMC, the largest chip manufacturer in the world, revealed plans to invest $100 billion in new capital in the United States to build cutting-edge semiconductor manufacturing facilities, primarily in Arizona.
Joined by Commerce Secretary Howard Lutnick and White House AI and crypto czar David Sacks, President Trump hailed the investment as a significant boost to America’s economy and national security. The move aims to establish the U.S. as a dominant force in artificial intelligence and semiconductor production.
C.C. Wei expressed gratitude for the opportunity to announce TSMC’s massive investment in the U.S. He highlighted the company’s commitment to creating thousands of high-paying jobs and producing advanced AI chips on American soil. The investment, totaling $165 billion, marks one of the largest foreign direct investments in the U.S.
Secretary Lutnick praised President Trump’s economic policies that have attracted major investments like TSMC’s, emphasizing the importance of bringing semiconductor manufacturing back to America. David Sacks underscored the significance of TSMC’s move in powering critical technologies worldwide.
President Trump addressed questions on national security, tariffs, and ongoing geopolitical issues, emphasizing the need for fair trade practices and the importance of protecting American industries. He reiterated his administration’s commitment to securing deals that benefit both the U.S. and its international partners.
As the event concluded, President Trump expressed optimism about the future of American manufacturing and trade relationships. The announcement of TSMC’s investment signifies a major milestone in strengthening the U.S. semiconductor industry and enhancing its global competitiveness.
The press conference concluded at 3:07 P.M. EST, with President Trump and his guests leaving the Roosevelt Room to continue their discussions on bolstering America’s economic and national security interests.
