India, March 4 -- Shares of Taiwan Semiconductor Manufacturing Co. or TSMC were gaining around 2 percent in the pre-market activity on the NYSE after the chipmaker announced its additional $100 billion investment in the United States to build five more facilities for advanced chip manufacturing, as part of the ongoing efforts in the country to boost artificial intelligence.
With the largest single foreign direct investment in U.S. history, TSMC's total investment in the U.S. would be $165 billion to power the future of AI.
While announcing the news, U.S. President Donald Trump, who is taking efforts to bring semiconductor production back to the U.S. from abroad, called the investment a tremendous move by the most powerful company in the w...