TSMC to announce $100 bn investment in US chip plants over next 4 years

Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in chips plants in the US over the next four years, a move President Donald Trump is set to announce at the White House later Monday, according to a person familiar with the matter.

TSMC is the world’s leader in production of advanced semiconductors used for artificial intelligence, and the investment would help bolster Trump’s pledge to make the US dominant in AI. The person who described the plans did so on condition of anonymity ahead of the announcement.