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Trump and TSMC announce $100-billion plan to build 5 new US factories

The article from Rappler discusses former US President Donald Trump's announcement of a plan to build new factories in collaboration with Taiwan Semiconductor Manufacturing Company (TSMC) by March 2025. This initiative aims to boost domestic semiconductor production in the United States, reducing reliance on foreign manufacturing, particularly from Asia. Trump highlighted the importance of semiconductors for national security and economic independence, stating that these factories would create jobs and strengthen America's technological edge. The plan includes significant investments in Arizona, where TSMC is already constructing a facility, with the new factories expected to further expand the US's capacity in chip manufacturing. This move is part of a broader strategy to counter supply chain vulnerabilities exposed by global events like the COVID-19 pandemic and geopolitical tensions.

Read the Full Rappler Article at:
[ https://www.rappler.com/technology/trump-tsmc-announce-plan-build-new-factories-march-2025/ ]