Trump Boasts Securing $100 Billion TSMC Investment After Tariff Threat, Despite Existing Commitments
Summary
Trump boasts securing $100 billion TSMC investment after tariff threat, despite TSMC's existing $65 billion commitment and $6.6 billion subsidies under Biden administration; Trump criticizes giving subsidies, says chip companies should build plants in U.S. without incentives.
Key Points
- Trump claims TSMC pledged an additional $100 billion to build semiconductors in the U.S. after he threatened 100% tariffs.
- TSMC had already pledged $65 billion and received $6.6 billion in subsidies under the Biden administration.
- Trump criticizes giving subsidies to chip companies, saying they are 'loaded' and should build plants in the U.S. without incentives.