TSMC Chairman: "Expansion of Investment in the US is Due to Great Customer Demand"

Wei Jie-chia, chairman of Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest semiconductor foundry, recently stated that the decision to invest $100 billion (approximately 145 trillion won) in the United States was made due to increasing demand in the United States.



People walk down the street in front of TSMC Fab 18 at the South Taiwan Science Park in Tainan, Taiwan on December 5



last year. [Photo = Reuters/Yonhap News] According to Taiwan's Central News Agency (CNA) and other sources on the 6th, TSMC Chairman Wei Jie-chia said in a press conference with President Lai Ching-te at the Taipei Presidential Office that "the reason for expanding investment in the United States this time is to satisfy the demand of American customers, and the demand from American customers is very large."



Chairman Wei explained, "Currently, our production lines in the United States are already full, and all production lines to be built next year and the year after are also fully booked." He



continued, "This investment in the United States will not affect the company's investments in Korea," and emphasized, "We plan to build 11 new production lines in Taiwan this year."



Regarding the issue of subsidies from the US, he added, "We only want fairness and are not afraid of competition," and "We are not investing in the US because of subsidies."



At a press conference that day, President Lai praised this investment, saying, "This is TSMC's moment, Taiwan's moment, and a historic moment in Taiwan-US relations."



President Lai emphasized, "We have built a sacred mountain together to protect the country, and every time TSMC moves, it becomes stronger and more competitive, and further helps Taiwan become stronger."



He continued, "TSMC did not receive any pressure from the US in the process of deciding to invest in the US."



On the 3rd, TSMC Chairman Wei Zhejiang met with US President Donald Trump at the White House and announced that the company would invest 100 billion dollars in the US.



With this announcement, TSMC's total investment in the US will increase to 165 billion dollars. TSMC said the new investment will be used to build five manufacturing facilities in Arizona and create thousands of high-paying jobs.





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