💨 Abstract

President Donald Trump and TSMC CEO C.C. Wei will announce a four-year, $100 billion investment plan for building additional chip factories in the U.S. by Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker. The investment will make the U.S. less reliant on semiconductors made in Asia and is in addition to a prior $25 billion investment expansion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖