The investment will go into building three new fabrication plants in Phoenix, Arizona, as well as two packaging facilities and a research center.

Read more about Taiwan-based TSMC's plans to invest $100 billion more in its semiconductor manufacturing operations in Arizona to advance AI efforts.

The world’s biggest chip-maker, Taiwan’s TSMC, announced from the White House last night that it would add $100bn to the $65bn already committed to semiconductor manufacturing in the US, calling it “the largest single foreign direct investment in US history”.