In a joint announcement with the Trump Administration, TSMC pledged to spend $100 billion on chip facilities in the U.S.

Taiwanese computer chip giant TSMC pledged $100 billion to boost production in the US as part of a four-year project announced alongside President Trump on Monday. TSMC, which supplies powerful chips needed for artificial intelligence to major firms like Apple and Nvidia,

CEO C.C. Wei credited President Donald Trump for the investments, which will include a new Arizona R&D center.

Chip giant Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the United States, President Donald Trump said Monday, on top of $65 billion in investments the company had

TSMC's announcement comes as chip-maker Intel, which has struggled for years with declining sales and lost market share, has been seeking customers for its own factories in the US.

Chipmaking giant Taiwan Semiconductor Manufacturing Company plans to invest at least $100 billion to grow its US manufacturing operations, President Donald Trump announced from the White House on Monday alongside the firm’s CEO C.

The announcement is the latest effort by President Trump to persuade companies to make big investments in the U.S.