Taiwanese chip giant to announce $100bn investment in US plants

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CEO of Taiwan Semiconductor Manufacturing Co (TSMC) to discuss deal with Trump at White House on Monday

The CEO of a giant in the semiconductor chip industry plans to meet with Donald Trump on Monday to discuss the Taiwanese company’s new $100bn investment in production in the United States.

Taiwan Semiconductor Manufacturing Co (TSMC) is expected to announce the investment in the United States at the White House, a person briefed on the matter said. In April the company’s CEO, C C Wei, agreed to expand its planned spending in the US by $25bn to $65bn and to add two more factories to its site in Arizona by 2030.

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