India, March 4 -- President Donald Trump joined Taiwan Semiconductor Manufacturing Company CEO C.C. Wei to announce a $100 billion investment by TSMC in its Arizona-based semiconductor chips manufacturing operation, which the Trump administration claims as the largest foreign direct investment in the U.S. history.
"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," Trump said. Monday's announcement brings Taiwan Semiconductor's investment to about $165 billion.
Trump aded that this will create hundreds of billions of dollars in economic activity and b...