I n the last few weeks, Intel’s stock charged ahead by more than 20% as investors hoped for a breakup of Intel, the United States’ top manufacturer of leading-edge semiconduct

President Donald Trump and the head of the Taiwanese semiconductor company TSMC CEO C.C. Wei will announce plans on Monday for a four-year, $100 billion investment in the United States, sources told Reuters.

Taiwan Semiconductor Manufacturing Company will unveil an investment of $100bn in advanced manufacturing in the US, in an effort to ward off possible tariffs on chips from Taiwan. A Trump administration official said that the world’s largest chipmaker would make the announcement on Monday,

Taiwan Semiconductor Manufacturing Co. – the world’s biggest chipmaker – will invest at least $100 billion to expand chip manufacturing in the US. During a press conference on Monday, President Donald Trump said the funding would go toward building two additional chip manufacturing facilities in Phoenix, Arizona.

In a joint announcement with the Trump Administration, TSMC pledged to spend $100 billion on chip facilities in the U.S.

Chip giant Taiwan Semiconductor Manufacturing Co. plans to invest an additional $100 billion in the United States, President Donald Trump announced Monday as he appeared with the company’s head at the White House.