President Trump on Monday said Taiwan Semiconductor Manufacturing Company, the world’s largest chip manufacturer, will spend $100 billion in the United States over the next four years to expand its production capacity and bring its most advanced semiconductor processes to its operations in Arizona. The investment will allow TSMC to begin making artificial intelligence and smartphone chips in Arizona, Mr. Trump said. With the commitment, TSMC brings its planned total spending in the United States to $165 billion. The money will expand the company’s footprint in Arizona from three manufacturing plants to five, add 25,000 jobs and create a research and development center to develop future production processes. TSMC’s expansion comes after years of work to rev up domestic manufacturing of semiconductors.
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