U.S. President Donald Trump says he threatened Taiwan chip giant TSMC with taxes of up to 100% unless the company built factories in the United States, something it had already committed to do under the Biden administration. The company has since raised its investment in its U.S. facilities in Arizona to US$165 billion. TSMC Chair C.C. Wei and Taiwan President Lai Ching-te have previously denied the company was pressured over the investment.
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00:00Donald Trump says he threatened Taiwan's largest company, chip giant DSMC, with up to 100% taxes if it did not build factories in the United States.
00:12TSMC, I gave them no money. Great company. Most powerful in the world. Biggest chip company in the world.
00:17They're spending $200 billion in Arizona building one of the biggest plants in the world.
00:22And that's without money. All I did is say, if you build, if you don't build your plant here, you're going to pay a big tax.
00:3025, maybe 50, maybe 75, maybe 100%.
00:35TSMC has committed to investing $165 billion in its American facilities, not $200 billion.
00:44It is the largest foreign investment in U.S. history.
00:48Both TSMC chair C.C. Wei and Taiwan president Lai Ching-de have said they received no U.S. government pressure to invest in the country.