The White House is expected to host President Donald Trump on Monday, who will announce a new major investment by the private sector in the U.S.
CNN’s Alaynatreene reported in a post to X that a Taiwanese manufacturer of chips will invest more than $100 billion in the United States. A White House official confirmed Treene’s report.
The Wall Street Journal reported that Taiwan Semiconductor Manufacturing Co. invested over four years:
The money would be spent on building cutting-edge facilities for chip manufacturing. This expansion would help the U.S. achieve a long-held goal of regrowing the domestic semiconductor industry after manufacturing largely shifted to Asian countries over recent decades.
Trump will announce the investment in the Roosevelt Room of the White House at 1:30 pm ET. This will be the latest of a series of foreign and domestic investment announcements that Trump has made since assuming office. Oracle Board Chair and Chief Technology Officer Larry Ellison and SoftBank CEO Masayoshi Son joined Trump in the White House just a day after taking office to announce a $500 billion investment into American artificial intelligence infrastructure via a company named Stargate.
Stargate will invest “at least $500 billion in AI infrastructure” in the United States, Trump announced during the announcement.
Apple announced in late February that it would invest a half-trillion dollars “in the United States for the next four years” and hire 20,000 workers as part of its efforts to get relief from President Donald Trump’s tariffs against goods imported from China.
DAMAC Properties is a global developer of real estate and plans to invest 20 billion dollars to build data centres in the United States. Trump and Emirati businessman Hussain Sajwani announced at a Mar-a-Lago press conference in January, before Trump became president.
