Trump was trying to convince Taiwan Semiconductor Manufacturing to build a second facility in the USA to mitigate the impact if there is a China invasion. I don’t know the status if TSM will do that.
The Trump administration scores a victory.
The world's largest contract chipmaker, Taiwan Semiconductor (NYSE:TSM), announced last week that is expanding its manufacturing footprint within the U.S., in line with rumors that surfaced in recent days. The new facility will be built in Arizona, and TSMC says it received support for the project from the U.S. federal government as well as the State of Arizona.
Evan Niu, CFA (TMFNewCow) May 17, 2020 at 12:00PM