Trump's Push for American Made AI Chips Hits TSMC's Margins Taiwan Semiconductor Manufacturing Company (TSMC), the world's leading chipmaker, has announced a $100 billion investment in advanced semiconductor manufacturing and packaging facilities in the United States.
This commitment is a direct result of pressure from President Donald Trump, who has repeatedly threatened tariffs on companies that don't make their products in America.
TSMC's market cap has surged over 100% in the past 12 months due to the AI boom, but its blockbuster earnings this quarter were weighed down by overseas expansion.