Taiwan Semiconductor Manufacturing Company (TSMC) has announced a $100 billion investment plan to expand chip production in the United States. CEO CC Wei shared the news during a meeting with U.S. President Donald Trump at the White House, highlighting the importance of domestic semiconductor manufacturing for national security.

TSMC, the world’s largest contract chipmaker and a key supplier to Apple, Intel, and Nvidia, plans to build five additional factories in the U.S. This investment adds to its previous commitment of $65 billion for three factories in Arizona by 2030.

The initiative aligns with efforts to reduce reliance on Asian-made semiconductors, an issue that gained urgency during the COVID-19 pandemic when global chip shortages disrupted industries, including automotive production.

While former President Joe Biden’s CHIPS and Science Act provided subsidies for U.S. chip production, Trump has taken a different approach, advocating for high tariffs on imported chips instead of government incentives for manufacturers.

Since taking office, Trump has encouraged several major investments in the U.S., with Apple committing $500 billion over four years and other firms like SoftBank and Hussain Sajwani also pledging multibillion-dollar projects.