Taiwan semiconductor company TSMC plans to make a fresh $100 billion investment in the United States that involves building five additional chip facilities there in coming years, its CEO announced with President Donald Trump on Monday.

The investment would help bolster President Donald Trump’s pledge to make the United States dominant in artificial intelligence.

President Donald Trump announced Monday that chip giant Taiwan Semiconductor Manufacturing Co. (TSMC) plans to invest an additional $100 billion in the United States, including new and existing Phoenix-area sites.

Arizona has emerged as the world’s go-to destination for companies charting the future of digital technology. Since 2020, Arizona has led the nation in new semiconductor investment, with more than $105 billion announced.

The world’s largest chipmaker and foundry Taiwan Semiconductor Manufacturing Co. (TSMC) plans to expand its investment in semiconductor manufacturing in the U.S. with an additional $100 billion at its Phoenix, Arizona, location where it has already invested $65 billion.

President Trump and Taiwan Semiconductor Manufacturing announced a $100 billion company investment in Phoenix. The deal could have broad significance.

Intel Corp is further delaying the opening of a much-touted new semiconductor complex in Ohio, marking the latest setback to the chipmaker’s expansion plans. The first plant, originally scheduled to begin operating this year, now would not be completed until 2030, the company said in a statement on Friday.