The Globe and Mail reports in its Tuesday edition that Taiwan Semiconductor Manufacturing, the world's largest chipmaker, intends to spend $100-billion (U.S.) in the United States over the next four years to expand its production capacity and bring its most advanced semiconductor processes to its operations in Arizona. A New York Times dispatch to The Globe says that C.C. Wei, TSMC's chief executive officer, is expected to unveil the investment and production plans Monday during an appearance with President Donald Trump at the White House. The investment comes after years of work to rev up domestic semiconductor production. The push to rebuild that industry began during the previous Trump administration and continued with the Biden administration's passage of the CHIPS Act, a bipartisan bill aimed at making the United States less reliant on Asia for the tiny electronics that power everything from cars to iPads. TSMC has concentrated its production in Taiwan, raising concerns in Washington that the U.S. could lose access to advanced chips if China invades the island. Last month, Tim Cook, Apple's chief executive officer, met with Mr. Trump before the company committed to spending $500-billion (U.S.) over four years.
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