The president criticized Biden's $6.6 billion grant to TSMC's Arizona operations. "I gave them no money," Trump declared. "All I did was say, if you don't build your plant here, you're going to pay a big tax."

TSMC has already committed to a $100 billion U.S. investment, including five new chip facilities. The company announced these plans at the White House in March. This expansion marks a significant shift from their previous $65 billion investment target.

The timing is noteworthy. TSMC faces a potential $1 billion penalty over export control violations related to Huawei Technologies. The investigation centers on chips that ended up in Huawei's AI processors.

Trump claims his approach drove TSMC's expanded investment without taxpayer money. He suggested tariffs could range from 25% to 100%, though specifics remain unclear. TSMC declined to comment on Trump's statements.

Why this matters:

Politics
Marcus Schuler

Marcus Schuler

San Francisco

Tech translator with German roots who fled to Silicon Valley chaos. Decodes startup noise from San Francisco. Launched implicator.ai to slice through AI's daily madness—crisp, clear, with Teutonic precision and sarcasm. E-Mail: [email protected]