TSMC CEO C.C. Wei is set to meet with US President Donald Trump, marking a significant step in strengthening ties between Taiwan and the United States.
This meeting is a result of TSMC's growing presence in the US semiconductor market, with the company investing heavily in American manufacturing facilities.
TSMC has been a long-time partner to major US tech companies, including Apple and Qualcomm, and has played a crucial role in the development of several cutting-edge technologies.
The meeting with Trump is expected to focus on advancing US-Taiwan economic ties, with C.C. Wei likely to discuss the company's plans for further investment in the US.
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TSMC CEO to Meet Trump
TSMC CEO C.C. Wei plans to meet with President Donald Trump on Monday to discuss the Taiwanese semiconductor company's investment plans in the United States.
TSMC is expected to announce a $100 billion investment in the US, in addition to its existing $65 billion investment.
The meeting will take place at 1:30 p.m. (1830 GMT) and will include building additional chip factories in the United States in the coming years.
TSMC has already begun producing advanced four-nanometer chips for US customers in Arizona.
The company received $1.5 billion in CHIPS Act money before the new administration came in as per the milestone terms of its agreement.
TSMC's US unit received a $6.6 billion government subsidy in November for semiconductor production in Phoenix, Arizona.
TSMC agreed to expand its planned US investment by $25 billion to $65 billion and to add a third Arizona factory by 2030.
The company plans to produce the world's most advanced 2-nanometer technology at its second Arizona factory expected to begin production in 2028.
TSMC also agreed to use its most advanced chip manufacturing technology called "A16" in Arizona.
The TSMC award included up to $5 billion in low-cost government loans.
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Trump's Reaction and Plans
Trump is set to meet with TSMC CEO C.C. Wei on Monday to discuss the company's investment plans in the United States.
Trump has praised TSMC as "number one in the world by far" and its CEO C.C. Wei as "one of the most respected people in business, forget about chips, from Taiwan."
The meeting comes after Trump announced that TSMC would increase its US investment by approximately $100 billion, in addition to an existing $65 billion.
TSMC plans to use the new investment to build three fabs, two advanced packaging plants, and an R&D center in the US.
Trump has claimed that TSMC's investment is primarily due to his tariff policy, which would have imposed substantial tariffs on chips exported from Taiwan if the company didn't invest in the US.
The US Commerce Department under President Joe Biden had finalized a $6.6 billion government subsidy for TSMC's US unit in November.
TSMC had previously received $1.5 billion in CHIPS Act money before the new administration came in as per the milestone terms of its agreement.
Trump's Commerce Secretary Howard Lutnick has declined to commit grants that have already been approved by the department, saying he wanted to "read them and analyze them and understand them."
Wei's US Visits
C.C. Wei, the CEO of Taiwan Semiconductor Manufacturing Co. (TSMC), is set to meet with President Donald Trump to discuss the company's investment plans in the United States.
TSMC plans to announce a $100 billion investment in the US during the meeting, which will include building additional chip factories in the country.
This investment is in addition to a major prior investment announcement, where TSMC agreed to expand its planned US investment by $25 billion to $65 billion and add a third Arizona factory by 2030.
The US Commerce Department finalized a $6.6 billion government subsidy in November for TSMC's US unit for semiconductor production in Phoenix, Arizona.
TSMC has already begun producing advanced four-nanometer chips for US customers in Arizona, and the company plans to produce the world's most advanced 2-nanometer technology at its second Arizona factory expected to begin production in 2028.
TSMC received $1.5 billion in CHIPS Act money before the new administration came in as per the milestone terms of its agreement.
The company's award included up to $5 billion in low-cost government loans, which will help support its investment plans in the US.
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