Taiwan officials say they never received paperwork from TSMC about its huge US investment plans. The chip company announced with President Trump that it would spend $100 billion on new American factories, on top of $65 billion already going toward Arizona facilities. Economic Minister J.W. Kuo told lawmakers his office has no record of the proposal. The investment review department head, Su Chi-yen, backed this up at a recent meeting.
Taiwanese law requires government review for any foreign investments above NT$1.5 billion. During a caucus, politicians asked Su about the deal status. He refused to comment because he lacked information. TSMC still has plenty of time to send details to Taiwan officials. The announcement caused problems for Kuo, who earlier admitted he didn't know the exact amount.
Both officials made these statements during a legislative session about Trump's import policies. Taiwan promised to buy more US energy from places like Alaska. The current $65 billion TSMC project is building a factory making advanced chips in Arizona. NVIDIA plans to use chips from this plant for its AI products. The new $100 billion expansion includes three manufacturing buildings, two packaging plants, and a research center. TSMC recently denied rumors about joining forces with Intel.
Taiwanese law requires government review for any foreign investments above NT$1.5 billion. During a caucus, politicians asked Su about the deal status. He refused to comment because he lacked information. TSMC still has plenty of time to send details to Taiwan officials. The announcement caused problems for Kuo, who earlier admitted he didn't know the exact amount.
Both officials made these statements during a legislative session about Trump's import policies. Taiwan promised to buy more US energy from places like Alaska. The current $65 billion TSMC project is building a factory making advanced chips in Arizona. NVIDIA plans to use chips from this plant for its AI products. The new $100 billion expansion includes three manufacturing buildings, two packaging plants, and a research center. TSMC recently denied rumors about joining forces with Intel.
