In a joint announcement with the Trump Administration, TSMC pledged to spend $100 billion on chip facilities in the U.S.

Under the CHIPS Act, TSMC committed to invest $65 billion to build three factories in Arizona. The production process it committed to bringing to the United States is a legacy technology that makes less sophisticated chips than the ones it produces in Taiwan. It received $6.6 billion in federal funding to support the project.

Taiwan Semiconductor Manufacturing Co. is expected to announce a $100 billion investment in the U.S. at the White House that would bring more semiconductor manufacturing to the country.

President Donald Trump is due to announce Monday that chip giant Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the United States.

President Donald Trump is expected to announce a major investment by Taiwan Semiconductor Manufacturing Co. (TSMC) in the US. TSMC plans to invest $100 billion, adding to their existing $65 billion commitment.

Taiwan's economy minister said on Tuesday his ministry had not received information about an overseas investment application by Taiwanese chipmaker TSMC , when asked about possible investment in Intel and the United States.