Reports by WSJ and Bloomberg
Trump to Announce at the White House This Afternoon
TSMC, the world's largest foundry (semiconductor contract manufacturing) company based in Taiwan, will invest $100 billion (approximately 146 trillion KRW) in semiconductor factories in the United States over the next four years.
On the 3rd (local time), according to foreign media such as The Wall Street Journal (WSJ) and Bloomberg News, U.S. President Donald Trump is scheduled to announce the TSMC investment plan, which centers on this content, at the White House in the afternoon.
Wei Zhejia, Chairman of TSMC, plans to visit the White House before the investment plan announcement in the afternoon to discuss the investment plan in the U.S. with President Trump.
In a statement released that day, TSMC said, "We are pleased to have the opportunity to meet with the (Trump) President" and "We look forward to discussing our shared vision for growth and innovation in the semiconductor field."
Previously, TSMC announced in 2020 that it would invest $12 billion to build a semiconductor factory in Arizona. The investment scale was later expanded to $65 billion. TSMC's U.S. factory began mass production last year.
Under the U.S. CHIPS and Science Act (CSA) during the Joe Biden administration, TSMC agreed to receive $6.6 billion in subsidies related to its investment in the U.S. However, President Trump criticized subsidies for foreign companies and argued that imposing tariffs on imported semiconductors would encourage companies to increase investment in the U.S.
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On the 19th, President Trump announced that tariffs of over 25% would be imposed on semiconductors and said, "Tariffs will be higher within a year." However, he also mentioned, "If they come to the U.S. and build factories, there will be no tariffs," and stated that semiconductor and automobile companies would soon make announcements related to investment in the U.S. within the next few weeks.
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