In a significant move for the tech industry, President Trump announced that Taiwanese semiconductor giant TSMC will invest $100 billion in US chip manufacturing over the next few years. This investment aims to bolster the US semiconductor industry and enhance local manufacturing capabilities. The announcement was made during a live event where Trump and TSMC CEO elaborated on the plans to establish advanced chip manufacturing plants in the United States. This strategic investment is seen as a response to the growing demand for US-made chips and is expected to create numerous jobs while strengthening economic ties between Taiwan and the US.