Taiwan Semiconductor Manufacturing Co is reportedly poised to unveil a $100 billion investment in US chip manufacturing.
According to The Wall Street Journal, the four year plan is set to be unveiled on Monday following a meeting with president Donald Trump.
Funding will go towards building out cutting-edge chip making facilities, the report said, under wider US efforts to buoy production following an exodus to Asia in recent decades.
An additional $100 billion would come after TSMC in April agreed to up a planned investment in the US by $25 billion to $65 billion.
A third factory in Arizona was set to be build by 2030 under the plan, with the previous Biden administration firming up a $6.6 billion government subsidy in November.
“[TSMC looks] forward to discussing our shared vision for innovation and growth in the semiconductor industry, as well as exploring ways to bolster the technology sector along with our customers,” a Reuters-cited statement said.