Taiwan semiconductor company TSMC plans to make a fresh $100 billion investment in the United States that involves building five additional chip facilities there in coming years, its CEO announced with President Donald Trump on Monday.

President Donald Trump urged lawmakers to repeal the CHIPS Act in his address to a joint session of Congress, arguing that tariffs are enough of an incentive for chipmakers.

The world’s biggest chip-maker, Taiwan’s TSMC, announced from the White House last night that it would add $100bn to the $65bn already committed to semiconductor manufacturing in the US, calling it “the largest single foreign direct investment in US history”.

President Donald Trump announced Monday that chip giant Taiwan Semiconductor Manufacturing Co. (TSMC) plans to invest an additional $100 billion in the United States, including new and existing Phoenix-area sites.

The investment would help bolster President Donald Trump’s pledge to make the United States dominant in artificial intelligence.

Arizona has emerged as the world’s go-to destination for companies charting the future of digital technology. Since 2020, Arizona has led the nation in new semiconductor investment, with more than $105 billion announced.

Intel, the financially embattled chipmaker, has delayed the opening of its first Ohio factory to 2030 or 2031, multiple years after it was to open.