The announcement that Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, will invest an additional US$100 billion in the United States - and avoid harmful tariffs - could inspire other major Asian firms to follow its lead and those of South Korean giants by making moves that could isolate mainland China,
TSMC announced plans to invest an additional $100 billion on advanced chip manufacturing in the United States, bringing its total US investment to $165 million.
TSMC is on a slippery slope. Taiwan Semiconductor Manufacturing , the world's largest chipmaker, on Monday pledged $100 billion in fresh funds to build factories in the United States. It also committed to set up a major research and development centre stateside,
Taiwan’s government reportedly toned down worries about TSMC's plans to invest another $100 billion in the US, potentially Americanizing the chip-making giant.
Taiwans government will assess TSMCs $100 billion investment plan in the U.S. while considering the nations role in the global semiconductor industry, cabinet spokesperson Michelle Lee stated on Tuesday.
Taiwan’s government downplayed concerns that Taiwan Semiconductor Manufacturing Co.’s plans to invest a further $100 billion in the US will effectively lead to the chip-making giant becoming Americanized.