Taiwan Semiconductor Manufacturing Co. (TSMC), the largest chipmaker in the world by volume, is planning to invest $100 billion in semiconductor manufacturing infrastructure in the US over the next four years, according to The Wall Street Journal (WSJ) on Monday.
President Trump is set to unveil the investment proposal later on Monday, the WSJ said, citing individuals familiar with the matter.
The anticipated investment will go toward building state-of-the-art facilities for producing chips.
","author_name":"Daily SumUp"}