WINNING! Nearly $2T and thousands of jobs headed to USA

2 CommentsEconomics, Efficiency

Yesterday, President Donald J. Trump joined Taiwan Semiconductor Manufacturing Company (TSMC) CEO C.C. Wei to announce a historic $100 billion investment by TSMC in its Arizona-based semiconductor chips manufacturing operation — the largest foreign direct investment in U.S. history.

  • President Trump: “This $100 billion in new investment will go into building five cutting-edge fabrication facilities in the great state that we just discussed, Arizona, and will create thousands of jobs — many thousands of jobs, and they’re high-paying jobs. In total, today’s announcement brings Taiwan Semiconductor’s investment to about $165 billion.”
  • TSMC CEO C.C. Wei: “It’s going to create thousands of high-paying jobs … We are going to produce many chips to support AI’s progress and to support the smartphone’s progress. I want to thank President Trump again for his support.”
  • Secretary of Commerce Howard Lutnick:“President Trump has made it a fundamental objective to bring semiconductor chip manufacturing home to America … You’re seeing the power of Donald Trump’s presidency because TSMC, the greatest manufacturer of chips in the world, is coming to America with a $100 billion investment.”

Automaker Honda also announced that it is expected to produce its next-generation Civic hybrid model in Indiana, while Wisconsin-based Clarios, a leader in low-voltage energy storage, announced a $6 billion plan to expand its U.S.-based manufacturing.

They’re only the latest major companies to announce such a move in alignment with President Trump’s Made in America agenda. Last week, Apple announced an historic $500 billion investment that will create 20,000 new U.S.-based jobs, while drug maker Eli Lilly announceda $27 billion investment in its U.S.-based manufacturing — bringing the total number of investments secured in President Trump’s second term to nearly $2 billion.

Since taking office, President Trump has secured nearly $2 trillion in U.S.-based investment — and the best is yet to come.

Honda too!