New Delhi, March 4 -- President Donald Trump announced that Taiwan Semiconductor Manufacturing Company (TSMC) will invest $100 billion in the United States.

Taiwan Semiconductor Manufacturing Co.'s latest investment will add to its existing $65 billion commitments and will be used to build five state-of-the-art fabrication facilities, Trump announced at a White House event alongside TSMC CEO C.C. Wei.

The move marks one of the largest foreign investments in American semiconductor manufacturing and is expected to strengthen the US position in the global chip industry.

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest semiconductor manufacturer, has commenced mass production at its first Arizona-based facility. The c...