Thank you very much.

This is a very big day for a lot of reasons, but this gentleman is a very unique man.

It's, I think I could say in the world of chips, certainly, but in the world pretty much of business, nobody's done what he's done.

And for those of you that are into that world, you would say, wow, he's a legend.

But he is a legend, and it's an honor to be with you.

Very great honor.

Thank you very much.

Thank you very much.

Welcoming from TSMC, which is the biggest there is at a level that you can't even calculate, frankly.

CC Way to the White House for a very historic announcement.

This is a tremendous thing for our country and hopefully for his company.

We're also pleased to be joined by Commerce Secretary Howard Lutnick and White House AI and CIP, the crypto czar, David Sachs, another two very highly respected people.

It's great to have you guys involved in David.

Thank you very much for coming on.

David is sort of the king of intellect in that world.

We have some good people.

Today, Taiwan Semiconductor is announcing that they will be investing at least $100 billion in new capital in the United States over the next short period of time to build state-of-the-art semiconductor manufacturing facilities.

I think mostly it's going to be in Arizona, which is what I understand, which is a great state.

I like it because I won it.

But I won most of them, actually.

But I did.

We won it, and we won it big.

The most powerful AI chips in the world will be made right here in America, and it'll be a big percentage of the chips made by his company.

But as you know, they're based mostly in Taiwan, and they're far and away the biggest.

There's nobody even close.

This $100 billion in new investment will go into building five cutting-edge fabrication facilities in the great state that we just discussed, Arizona, and will create thousands of jobs, many thousands of jobs, and high-paying jobs.

In total, today's announcement brings Taiwan Semiconductor investments to about $165 billion.

They've started already among the largest new foreign direct investments in the United

States.

Apple, as you know, made a big announcement last week of $500 billion, and we have some others that have announced.

We have many that want to announce.

But I don't have time to do all of these announcements, I tell you.

But for you, I'm doing the announcement.

This will create hundreds of billions of dollars in economic activity and boost America's dominance in artificial intelligence and beyond.

Semiconductors are the backbone of the 21st century economy, and really, without the semiconductors, there is no economy.

Powering everything from AI to automobiles to advanced manufacturing, and we must be able to build the chips and semiconductors that we need right here in American factories with American skill and American labor.

And that's exactly what we're doing.

As you know, Taiwan pretty much has a monopoly on that market, and I think pretty much is not a term that's even appropriate.

They do have a monopoly, and this is a tremendous move by the most powerful company in the world.

It's a matter of economic security.

It's also a matter of national security for us.

And at the same time, Mr. Wei will be able to diversify and have his tremendous presence in another place, in a very safe place.

And I want to thank Taiwan Semiconductor for doing the announcement.

And I'd like to ask Mr. Wei to say a few words, if you might.

And I'd also like to ask Howard and David, you can say a couple of words.

But maybe you should go first, because right now, he's the most important man in the room.

I'm sorry, fellas.

Please.

Thank you very much.

Thank you.

Great honor.

Thank you, Mr. President.

Thank you.

I'm a little bit nervous, so I have to pull out my piece of paper.

Mr. President, Secretary Learned, and David, I didn't know that you are a tightrope, but

First, I want to say thank you to Mr. President to give me this opportunity to announce our big project in the U.S.

TSMC is the world's largest chip manufacturing, funded by Dr. Maurice Chen in 1987.

It's now at the forefront of semiconductor technology, supporting AI advancement and industry growth.

In fact, I would like to wind back the time that in 2020, we have to thank President Trump's vision and his support.

So TSMC start the journey of establishing the advanced chip manufacturing in Arizona.

And now, let me proudly say, now the vision become reality.

In Phoenix, Arizona, with 3,000 employees, we are producing the most advanced chip made on U.S. solar.

With the success of our first fab, so we are now very happy to announce we are going to invest additional $100 billion U.S. in addition to our current $65 billion U.S. investment in Arizona.

We are going to build three more new fab after we promised the three fabs already, and another two very advanced packaging fab, and most important, an R&D center also in Arizona.

For this, all the investment, $165 billion, is going to create thousands of high-paid jobs, as the President just announced.

And we are most important, actually, we are going to produce many AI chips.

We are going to produce many chips to support the AI's progress and to support the smartphone's progress.

And again, with that, I want to thank President Trump again for his support.

In addition, I also want to thank my customers in the U.S., such as Apple, NVIDIA, AMD, Qualcomm,

Broadcom.

They all support TSMC's manufacturing in the U.S.

Without their support, we probably cannot make it true.

So again, I want to thank them.

Also, I'd like to thank the TSMC's employee.

Without their effort, we just cannot make it today.

That's all I want to say, and thank you.

So I'm thrilled to be here today, because President Trump has made it a fundamental objective to bring semiconductor chip manufacturing home to America.

Under the Biden administration, TSMC received a $6 billion grant, and that encouraged them to build $65 billion.

So America gave TSMC 10% of the money to build here.

And now you're seeing the power of Donald Trump's presidency, because TSMC, the greatest manufacturer of chips in the world, is coming to America with a $100 billion investment.

And of course, that is backed by the fact that they can come here because they can avoid paying tariffs.

So the idea is come to America, build greatness in America, build for the American customers, the Apple, NVIDIA, that whole list that Chairman Wei gave in order to bring production to America.

So we're really, really excited.

This continues the most incredible path you've ever seen in these first weeks and months of the Trump administration of incredible manufacturing coming to America.

The keys that the president has called out are coming here.

They're coming here in huge size because they want to be in the greatest market in the world, and they want to avoid the tariffs that if they're not here, they'd have to suffer.

So I want to congratulate C.C. Wei for bringing in this incredible $100 billion investment, but it's on the shoulders of our president, Donald Trump, which is why he's coming.

So thank you.

Thank you.

David?

Thank you, sir.

Well, the products that TSMC makes are literally the most important products in the world.

I mean, these advanced chips power everything.

They power AI.

They power your phone.

They power your cars.

And without them, the whole modern economy would stop.

But they're not made in the United States.

So for TSMC to move here is a huge, huge development.

And we owe that to President Trump's leadership on the economy and Secretary Ludnick as well.

And C.C., thank you for coming here.

Thank you.

Thank you, Dan.

So thank you very much.

A big percentage of chips with this investment will be made now, a big percentage.

Worldwide, we had very little, almost none.

We used to have a lot with Intel, but we had very little.

And we'll be at close to 40 percent of the market with this transaction and a couple of others that we're doing.

That's a tremendous leap, like a leap that nobody would have really said was possible.

So I just want to thank you all for being here.

If you want a couple of questions, ideally, ideally on this subject, yes.

You said a big number of jobs, it will be great.

You said thousands, but they have a better...

You're probably talking about 20,000, 25,000 jobs.

But it'll get bigger and bigger with time.

Knowing this gentleman, it'll get bigger and bigger.

There'll be no stopping him.

Mr. President, one more.

Brian, go ahead.

In addition to the jobs, you talked about national security, and that's one thing I think a lot of Americans at home don't understand.

Explain the national security aspect of this.

Well, without the chips and semiconductors, nothing runs today.

You can't buy a car without them.

You can't get a radio, a television.

You can't get anything.

And we thought it was very important, obviously, business-wise, but we thought even in terms of national security, to have this large percentage of the chips, semiconductors, and other things that they make, the most important product.

And not a product that you can really copy.

It takes years and years.

On the needle of a pin is total genius.

I mean, they can put things...

I mean, something the size of the needle, the point of a pin.

They put information that is just not even believable.

So if you would see this, it's just really something.

Yes, Brian.

One more aspect to that.

Honda announced they're coming to Indiana because of the tariffs.

Once again, bringing in additional jobs and manufacturing.

You want to comment on that as well?

Well, Honda's coming, and I told you about Apple, that they're going to be starting to build massively here, $500 billion.

And we have many other companies that are going to be announced, but we had many that have already announced.

And now it's going to be great.

It's looking really strong.

I don't think this country has ever seen anything like we're seeing right now.

Now, the tariffs, as you know, will start a week earlier than the reciprocal, which is going to be a couple of weeks earlier.

Reciprocal starts, reciprocal tariffs start on April 2nd.

And I wanted to make it April 1st, but I didn't want to do it.

I didn't want to go April Fool's Day because that costs me, that costs a lot of money, but that one day, but so we're going April 2nd.

But very importantly, tomorrow tariffs, 25% on Canada and 25% on Mexico, and that'll start.

So they're going to have to have a tariff.

So what they have to do is build their car plants, frankly, and other things in the United

States, in which case they have no tariffs.

In other words, you build, and this is exactly what Mr. Wei is doing, by building here, otherwise they'll build, if they did them in Taiwan to send them here, they'll have 25% or 30% or 50% or whatever the number may be someday, it'll go only up.

But by doing it here, he has no tariff, so he's way ahead of the game.

And I would just say this to people in Canada or Mexico, if they're going to build car plants, the people that are doing them are much better off building here because we have the market, we're the market where they sell the most.

And so I think it's going to be very exciting, very exciting for the automobile companies.

Very exciting for, I can think of any, as an example, North Carolina, they had the great,

I used to go there to buy furniture for hotels, and it's been wiped out.

That business all went to other countries.

And now it's all going to come back into North Carolina, the furniture manufacturing business.

Please.

The Press.

Mr. President, is the Ukraine minerals deal now dead or can it be revived?

Well, I'll let you know.

We're making a speech.

You probably heard about it tomorrow night, so I'll let you know tomorrow night.

But no, I don't think so.

I think it's, look, it's a great deal for us because, you know, Biden very, very foolishly, if stupidly, frankly, gave $300 billion and $350 billion more accurately to a country to fight and to try and do things.

And you know what happened?

We get nothing.

We get nothing.

Just gave it.

We could have rebuilt our entire U.S. Navy with $350 billion.

Think of it, $350 billion, we could have rebuilt our U.S. Navy.

So he gave it away as fast as the money could be gone.

And what we're doing is getting that all back and a lot more than that.

And what we need, it's very important for this business that we're talking about here with chips and semiconductors and everything else, we need rare earths.

And the deal we have is we have the finest rare earths.

What do you need to see from President Zelensky to restart these negotiations?

Well, I just think he should be more appreciative because this country has stuck with them through thick and thin.

We've given them much more than Europe and Europe should have given more than us, because as you know, that's right there.

That's the border.

This country really was like the fence on the border.

It was very important to Europe.

And I'm not knocking Europe.

I'm saying that just they were a lot smarter than Joe Biden because Joe Biden didn't have a clue.

He just gave money hand over fist.

And they should have been able to equalize with us.