PR-2012
May 15, 2020
Press Statement
Michael R. Pompeo, Secretary of State
The United States Welcomes Taiwan Semiconductor Manufacturing Corporation’s Intent to Invest $12 Billion to Bolster U.S. National Security and Economic Prosperity
On May 14, Taiwan Semiconductor Manufacturing Corporation (TSMC) announced that it intends to invest $12 billion in the State of Arizona, starting in 2021, to develop the most state-of-the-art five nanometer semiconductor fabrication foundry in the world. The TSMC deal is a game changer for the U.S. semiconductor industry that will bolster American national security and our economic prosperity.
TSMC’s announcement comes at a critical juncture, when China is competing to dominate cutting-edge technology and control critical industries. The TSMC facility in Arizona will increase U.S. economic independence, bolster our safety and competitiveness, and strengthen our leadership in high-tech manufacturing. This historic deal also strengthens our relationship with Taiwan, a vibrant democracy and force for good in the world.
With TSMC’s commitment, high-tech chips will be Made in America once again—the nation where the semiconductor industry was invented. These chips will power everything from artificial intelligence to 5G base stations to F-35s.
TSMC’s investment will create thousands of highly-skilled American jobs and tens of thousands more jobs across the entire supply chain for years to come. The facility will promote the creation of thriving high-skilled sub-industries, known as clusters, that will help ensure American leadership in technologies of the future. It will also spur cutting-edge research and development by American universities and companies.
We appreciate TSMC’s Chairman Mark Liu’s decision to hire the most skilled workforce in the world. I am proud that, together with our colleagues in the U.S. Department of Commerce, the State Department’s economic team under the leadership of Under Secretary Keith Krach has proven once again that the Trump Administration is making America stronger, safer, and more prosperous.
State Department’s press statement: https://www.state.gov/the-united-states-welcomes-taiwan-semiconductor-manufacturing-corporations-intent-to-invest-12-billion-to-bolster-u-s-national-security-and-economic-prosperity
