During a press conference at Taiwan's presidential office, TSMC CEO C.C. Wei mentioned that the recently announced $100 billion investment plan would not hinder the company's growth in Taiwan, despite concerns about potential negative impacts on the island's semiconductor sector.
As the largest contract chipmaker globally, TSMC intends to establish five additional chip manufacturing facilities in response to threats from former U.S. President Donald Trump regarding tariffs on semiconductor imports.
TSMC's international investment strategy also encompasses initiatives in Japan and Germany.
While the company plans to construct three new production lines in the U.S. in the coming years, it will simultaneously develop 11 new production lines in Taiwan this year, according to Wei's statements to the media.
"We will continue to build them (in Taiwan) because it is still not enough," he emphasized.
This new expansion in the U.S. follows Trump's repeated criticisms of Taiwan, claiming it has taken away American semiconductor business and expressing a desire for manufacturing to return to the U.S.
Taiwan's President Lai Ching-te informed reporters on Thursday that the government has not faced any pressure from Washington during TSMC's recent investment discussions and assured that his administration would support the chipmaker's domestic expansion.
On Thursday, Taiwan's cabinet announced it would review the investment, which requires government approval, but expressed a positive outlook on overseas investments that could enhance Taiwan's overall competitiveness.
Taiwan's cabinet announced on Tuesday that it will assess the investment, which is subject to government approval, while expressing a positive outlook on foreign investments that could enhance Taiwan's overall competitiveness.
Taiwan's leading role in the production of chips essential for various technologies, including smartphones, automobiles, and military aircraft, has raised concerns about excessive dependence on the island, particularly as China intensifies its efforts to assert sovereignty claims.
As a crucial manufacturing partner for companies like Nvidia, Apple, and Qualcomm, TSMC plays a vital role in the U.S. semiconductor industry. Increasing its production capacity within the United States would mitigate significant supply chain risks for these companies.
Nevertheless, Trump stated on Tuesday that U.S. lawmakers should repeal a significant bipartisan law from 2022 that allocated $52.7 billion in subsidies for semiconductor manufacturing in the U.S. and redirect those funds to reduce national debt.