Amid President Donald Trump’s warnings of imposing tariffs on imported semiconductors, Taiwan-based semiconductor company TSMC is set to announce a $100 billion investment in U.S.-based manufacturing facilities over the next four years.

According to reports from The Wall Street Journal (WSJ) and Reuters, citing White House officials and other sources, TSMC plans to unveil this initiative during a scheduled investment announcement event with President Donald Trump at 1:30 PM on the 3rd.

TSMC Chairman C.C. Wei is expected to visit the White House prior to the announcement to discuss investment plans in the U.S. with President Trump.

In a statement released that day, TSMC said, “We are pleased to have the opportunity to meet with [President Trump] and look forward to discussing our shared vision for growth and innovation in the semiconductor sector.”

TSMC, the world’s largest semiconductor foundry (contract manufacturing) company, first announced in 2020 a $12 billion investment to build a semiconductor factory in Arizona, a figure that has since expanded to $65 billion, according to WSJ.

The company’s U.S. factory began mass production last year.

Previously, under the Biden administration, TSMC secured $6.6 billion in subsidies from the U.S. government for its investments under the CHIPS Act.

However, President Trump has been critical of the subsidies provided through the CHIPS Act.

During his presidential campaign, Trump argued that instead of offering subsidies to attract the semiconductor industry, imposing tariffs on imported semiconductors would encourage companies to increase their investments in the U.S.

In line with this stance, President Trump has already signaled plans to impose tariffs on semiconductors.