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TSMC plans $100 billion investment for US factories

TSMC and Trump announce $100 billion plan for five new chip factories in the US, addressing semiconductor reliance and national security.

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TSMC and Trump announce $100 billion plan for five new chip factories in the US, addressing semiconductor reliance and national security.

In Short

TSMC will invest $100 billion in the US to build five new chip facilities, aiming to reduce reliance on Asian production amidst rising tensions over Taiwan. This expansion, supported by the CHIPS and Science Act, is set to create 40,000 jobs and reaffirms TSMC’s commitment to advanced chip production while navigating geopolitical challenges.

Taiwan Semiconductor Manufacturing Company (TSMC) has announced a $100 billion investment in the United States to build five new chip facilities. This decision was revealed by TSMC’s CEO, C.C. Wei, during a meeting with President Donald Trump at the White House.

The investment aims to decrease reliance on Asian semiconductor production amid rising tensions over Taiwan, a major chip producer. The expansion includes three new fabrication plants, two packaging facilities, and a significant research centre.

This initiative follows an increase in planned U.S. investment by TSMC, which aims to create 40,000 construction jobs over four years.

TSMC faced delays on its first Arizona plant, and production is expected to begin in 2024.

Nvidia impact

The company’s increased costs are a concern, particularly as it partners with major firms like Nvidia and Qualcomm. The announcement aligns with Trump’s campaign promise to support domestic industries and create jobs.

Taiwan’s government will review the overseas investment as per local laws, viewing it as beneficial for Taiwan’s competitiveness.

The announcement highlights TSMC’s commitment to maintaining advanced chip production in Taiwan while expanding in the U.S.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Wall Street bets big on Fed rate cut

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Wall Street traders are increasingly confident the Federal Reserve will cut rates next week.

Fresh inflation data has showed prices edging higher but growth slowing, and with jobs, markets, and political pressure all in focus, the Fed’s decision could be pivotal for the economy.

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FBI hunts assassin who shot Charlie Kirk at Utah Valley University

Charlie Kirk, conservative influencer, shot dead at 31 during speech at Utah Valley University, prompting ongoing manhunt for suspect

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Charlie Kirk, conservative influencer, shot dead at 31 during speech at Utah Valley University, prompting ongoing manhunt for suspect

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In Short:
– Federal authorities are investigating the shooting of Charlie Kirk, who was killed at Utah Valley University.
– A manhunt for the actual shooter is underway; two men have been questioned and released without charges.
Federal authorities are investigating the shooting of conservative influencer Charlie Kirk, who was killed while speaking at Utah Valley University.
The incident occurred around 12:20 PM when Kirk was shot in the neck, leading to a chaotic scene as attendees fled. Kirk, a father of two, died shortly after being taken to a local hospital.Investigators believe the shooter fired from a building approximately 200 yards away.

During the aftermath, two men, one of whom claimed to have fired the shot, were taken into custody but later released without charges. A manhunt is ongoing for the actual shooter.

Utah Governor Spencer Cox stated that those responsible will be held accountable, outlining the state’s commitment to justice.

President Donald Trump condemned the political climate surrounding Kirk’s death, blaming extreme rhetoric and violence.

In a statement, he remembered Kirk as a patriot who advocated for open debate. Following the incident, vigils were held nationwide, and classes at the university have been cancelled.

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Ongoing Investigation

As investigations continue, American flags will fly at half-staff until Sunday in honour of Kirk.

“I want to be very clear that this is a political assassination,” Utah Governor Spencer Cox, a Republican, told a news conference.

“And I just want to remind people that we still have the death penalty here in the state of Utah.

The Utah Department of Public Safety said that its State Crime Lab was “working with multiple active crime scenes”.

“These were identified based on where the victim was shot, as well as the locations where the suspect and victim travelled,” a department statement said.

“The shooting is believed to be a targeted attack. The shooter is believed to have fired from the roof of a building down to the location of the public event in the student courtyard.”

Eyewitness account

Attendee Tiana Lao said the shooting came as a shock in what otherwise felt like an= normal event.

“We didn’t realise it was real at first and then everyone began rushing out, shouting to get down in panic and distress,” she told ABC News.

“People were excited. There were some opponents like there usually are at these events … but they were peaceful, so this was a total shock.”


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Who was Turning Point USA founder Charlie Kirk?

Conservative activist Charlie Kirk assassinated at Utah university, leaving a significant void in U.S. conservative politics. #BreakingNews

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Conservative activist Charlie Kirk assassinated at Utah university, leaving a significant void in U.S. conservative politics. #BreakingNews


Conservative activist Charlie Kirk has been assassinated while speaking at a Utah university, sparking shock and grief across America.

Known as the founder of Turning Point USA, Kirk became a leading voice in the MAGA movement, shaping conservative youth politics and energising Donald Trump’s base.

His sudden death leaves a major void in the U.S. conservative landscape.

#CharlieKirk #TurningPointUSA #USPolitics #BreakingNews #TickerNews


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