White House Touts U.S. Semiconductor Factories by Chip Giant TSMC

The new deal should help bolster American semiconductor manufacturing capacity and supply chain independence.

White House Touts U.S. Semiconductor Factories by Chip Giant TSMC
Image of a semiconductor from Rawpixel.


WASHINGTON April 8, 2024 —The Department of Commerce on Monday announced a deal with the Taiwan Semiconductor Manufacturing Company to build new semiconductor factories on American soil. 

The new facilities will produce and manufacture what the administration called “the most advanced chips in the world,” according to the department’s press release. The new investments will place the United States in position to churn out 20 percent of the world’s semiconductors by 2030, up from 12 percent today. 

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