❌

Normal view

Trump admin secures record $265 billion TSMC investment in U.S. semiconductor manufacturing, adding 4 new facilities for total of 12

16 July 2026 at 17:00

TSMC

In a major boost to American domestic manufacturing, the Trump Administration today announced that Taiwan Semiconductor Manufacturing Company (TSMC) is committing an additional $100 billion in investments for advanced semiconductor facilities in the United States. This brings TSMC’s total planned investment to $265 billion β€” one of the largest foreign direct investments in American history.

The announcement, made jointly by the White House and the Department of Commerce, highlights the success of strategic trade and investment partnerships, particularly the historic U.S.-Taiwan deal signed in January 2026. As a direct result, TSMC will build four additional advanced semiconductor manufacturing and packaging facilities, bringing its U.S. footprint to 12 leading-edge facilities, primarily in Arizona.

Building on Momentum

This latest expansion builds on previous commitments. TSMC’s original plans started at around $65 billion, which were later increased. The new infusion underscores sustained momentum under the current administration’s focus on reshoring critical supply chains.

In a statement, U.S. Commerce Secretary Howard Lutnick emphasized the job-creating impact, β€œPresident Trump’s leadership is driving companies to invest in American manufacturing. TSMC’s announcement of an additional $100 billion investment following our historic deal on trade and investment with Taiwan will create tens of thousands of American jobs and bring advanced semiconductor manufacturing back to America.”

TSMC Chairman and CEO Dr. C.C. Wei echoed the sentiment, crediting collaboration with the administration and strong U.S. customer demand, β€œWe appreciate the strong collaboration and support of the Trump Administration, Secretary Lutnick and our leading U.S. customers… This is to support the strong multi-year demand from our leading U.S. customers, and we believe this investment will further foster the development of the U.S. semiconductor ecosystem, strengthen the supply chain, and support significant job creation in the United States.”

Economic and Strategic Impact

The investments are expected to generate significant construction and high-tech jobs, along with billions in indirect economic output. Beyond direct facilities, the broader U.S.-Taiwan trade and investment framework is catalyzing an additional $500 billion in Taiwanese investments β€” $250 billion in direct semiconductor and related enterprises, plus another $250 billion to strengthen the full supply chain in the U.S.

This move addresses long-standing concerns about reliance on overseas production for advanced chips, especially those critical for AI, defense, automotive, and consumer electronics. By expanding domestic capacity with a world-leading foundry like TSMC, the U.S. strengthens its position in the global semiconductor race while creating high-paying opportunities for American workers.

The Trump Administration’s approach, which combines diplomatic deals, incentives for onshoring, and a focus on national security, continues to yield concrete results in rebuilding America’s industrial base.
β€Ž
MacDailyNews Take: With 12 state-of-the-art facilities on track, America is poised to capture a much larger share of advanced chip production. This not only bolsters economic competitiveness, but also enhances supply chain resilience against geopolitical risks.


β€Ž
Please help support MacDailyNews β€” and enjoy subscriber-only articles, comments, chat, and more β€” by subscribing to our Substack: macdailynews.substack.com. Thank you!

Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.

The post Trump admin secures record $265 billion TSMC investment in U.S. semiconductor manufacturing, adding 4 new facilities for total of 12 appeared first on MacDailyNews.

Trump made $1.4bn from crypto in one year. Is Justin Sun the man who helped him do it?

16 July 2026 at 17:19

The entrepreneur is known in Washington as the financial power behind the president’s crypto fortune. How did Sun’s business love-in with the Trump family spiral into dueling lawsuits?

The most infamous financial scandal in US presidential history – the 1920s Teapot Dome affair – involved then president Warren G Harding’s interior secretary, Albert Fall, taking roughly $400,000 in bribes. Adjusted for inflation, that’s about $6m today. Last year, Donald Trump made at least $2.2bn; his single year of income is on the order of 200 to 300 times larger than the bribe that defined β€œpresidential corruption” in the American imagination for a century.

It’s taken for granted that Trump flogs items like Bibles and gold sneakers as a way to wring more money from his loyal base. But of the president’s $2.2bn, at least $1.4bn came from his crypto businesses. That’s an extraordinary achievement, even for an unscrupulous sitting president. How exactly did he do it without any prior background in crypto?

Continue reading...

Β© Photograph: Bloomberg/Getty Images

Β© Photograph: Bloomberg/Getty Images

Β© Photograph: Bloomberg/Getty Images

An Extraordinary White House Meeting

16 July 2026 at 14:28
A new book sheds light on President Trump’s affinity for fossil fuels.

Β© Adriana Loureiro Fernandez for The New York Times

An oil refinery in Punto Fijo, Venezuela. In a meeting with the president, the Chevron chief executive pushed for an extension of the company’s license to operate in the country.

Trump rails against New York’s statewide datacenter moratorium

AI-friendly president shared a post saying governor Kathy Hochul should scrap the one-year policy β€˜IMMEDIATELY’

Donald Trump railed against the New York governor, Kathy Hochul, for pausing the construction of large new datacenters, the resource-intensive facilities that power artificial intelligence.

New York became the first US state to enact a moratorium on new datacenters on Tuesday, when Hochul signed an executive order mandating a one-year statewide pause on so-called β€œhyperscale” datacenters.

Continue reading...

Β© Photograph: Matt Roberts/Shutterstock

Β© Photograph: Matt Roberts/Shutterstock

Β© Photograph: Matt Roberts/Shutterstock

Trump admin puts Americans in Congo on "do-not-board" list, barring return

14 July 2026 at 23:09

The Trump administration on Monday barred US citizens in the Democratic Republic of the Congo from returning home amid an Ebola outbreak that continues to outpace response efforts.

Reuters first reported late Monday that Americans currently in the DRC or those who have recently traveled to the Ebola-stricken country have been put on a "do-not-board" list. They cannot travel back to the US until they have spent 21 days in a third country. The order, taken under a transportation authority known as Title 49, was independently confirmed by Politico on Tuesday.

Both outlets noted that roughly two dozen Americans who had been set to board flights home on Tuesday have already been blocked by the new rule. It remains unclear if the bar also applies to government workers. The Centers for Disease Control and Prevention has at least two dozen employees working in the DRC.

Read full article

Comments

Β© Getty | GLODY MURHABAZI

Trump’s Plans for Nuclear Power Lurch Ahead

9 July 2026 at 19:56
Recent technological advances have brought the president’s goals a bit closer to reality.

Β© Josh Edelson/Agence France-Presse — Getty Images

Energy Secretary Chris Wright, center, visited the National Reactor Innovation Center near Idaho Falls, Idaho, last month.

β€˜Why take those jobs away?’: the unionized workers decrying Trump’s war on wind

6 July 2026 at 12:00

Workers proud of their efforts to grow renewable energy say US president pursuing β€˜personal vendetta’ at their expense

Donald Trump has blamed everything – from β€œnational security” issues, the deaths of birds and whales, and cancer – in his decades-long campaign against windfarms. But as the Trump administration continues to undermine the industry, what worries workers most are their jobs.

Since taking office for a second term, Trump has issued an executive order aiming to halt all wind-energy leases and permits, attempted to issue stop-work orders on wind projects under construction, and paid more than $2.6bn in settlements to buy out wind energy leases. And hundreds of workers have been affected.

Continue reading...

Β© Photograph: Al Drago/Getty Images

Β© Photograph: Al Drago/Getty Images

Β© Photograph: Al Drago/Getty Images

U.S. to Overhaul Radiation Safety Rules to Spur Nuclear Expansion

3 July 2026 at 01:04
The Nuclear Regulatory Commission plans to end longstanding guidance that radiation exposure be β€œas low as reasonably achievable.”

Β© Audra Melton for The New York Times

The proposed rule changes could make it cheaper and easier to build and operate new nuclear power plants in the United States.

Another Trump Administration Payment to Stop Offshore Wind Farm

29 June 2026 at 23:41
It was the fourth such deal struck by the administration to get companies to forfeit their offshore wind leases.

Β© Matthew Brown/Associated Press

Duke Energy is one of the nation’s largest utilities. Here, a Duke Energy wind farm project in Rolling Hills, Wyoming.
❌