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Trump unexpectedly says TSMC 'spending US$300 billion in Arizona'
Taipei, Aug. 6 (CNA) U.S. President Donald Trump suggested Tuesday (U.S. time) that Taiwan Semiconductor Manufacturing Company (TSMC) could invest US$300 billion in Arizona, which, if true, would be nearly double the total investment TSMC has announced to date in the United States.
"We have the biggest in the world […] from Taiwan is coming over and spending 300 billion dollars in Arizona building the biggest plant in the world for chips and semiconductors," Trump said in an interview on CNBC's financial talk show "Squawk Box."
Trump also said new tariffs on semiconductors and chips would be unveiled "within the next week or so" — calling them a separate category because the U.S. wants those products made domestically.
Trump's ultimatum to Taiwan: 15% tariff only if TSMC buys 49% stake in Intel and invests $400 billion in U
Taiwan-US tariff latest updates: Taiwan is facing immense pressure from the United States in trade negotiations, with a proposed 20% tariff looming over Taiwanese exporters. To secure a more favorable 15% tariff, former President Trump demanded that TSMC acquire a significant stake in Intel and make substantial investments in the US.
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Could A Presidential Hail Mary Boost Intel? (NASDAQ:INTC)
Long wars are an accumulation of many battles, and President Donald Trump’s trade war is turning into a long war, with battles being fought on many fronts. The President has announced that tariffs on semiconductors, which will be separate from the
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