The world's largest manufacturer of artificial intelligence chips plans to invest 100 billion dollars in the United States.

That company is called Taiwan Semiconductor Manufacturing Company.

You may know it as TSMC.

Lots to talk about here.

Let's bring in CBS News Money Watch correspondent Kelly O'Grady.

Kelly, tell us what you know about this announcement.

So, we're expecting it to happen at 1:30 p.m. Eastern and sources have confirmed to CBS News that TSMC is planning a 100 billion dollar investment over the next four years and that's all about building chip manufacturing plants right here in the United States.

Now, TSMC, you probably haven't heard a ton about it, but it is absolutely one of the most important companies in the AI race.

And so, based on everything that we are seeing where industries are going, some analysts have even said one of the most important companies in the world right up there with Nvidia.

They own over 90% of the advanced chip market, they count major companies like Nvidia, Apple, Microsoft, Amazon, Qualcomm, the list goes on amongst their major clients.

And so, you know, we have seen the president threaten tariffs on semiconductor chips that are made outside the United States.

And so this investment that we are expecting today, uh definitely shows a measure of good faith to bring some of that manufacturing here, uh definitely having that part of the supply chain in the United States, especially with Taiwan being such a hot bed when it comes to national security.

There's a lot of reasons that folks in the AI space are are very excited about this investment today.

Well, you and I are talking right now at a time when the clock is ticking toward President Trump's new tariffs set to take effect.

What might they mean for Americans?

Okay, so we're looking at 25% on Canada and Mexico and then 10% on Canadian energy, as well as an additional 10% on China.

Remember, we already saw a 10% tariff on China go into place about a month ago.

So what it could mean for Americans, it could mean higher prices depending on how much of that cost companies would pass through.

When you think about the major products and industries that we rely on with trade with our our northern and southern neighbors, I'm talking agriculture, uh cars, beer, alcohol, you know, the the list goes on.

But really the one that I'm most watching Reed is oil, we get a lot of our oil and gas from Canada.

And we know that oil, I mean, it's not just about heating your home, it's not just about the price that you see at the pump, but it's a big input to many, many different products including plastic.

So that's really one that you could actually see the cost increase pretty quickly, the other industries, it takes about six to nine months depending on the inventory, but energy is one that I'm laser focused on Reed.

Laser focused on a Monday as always.

Kelly O'Grady, good to see you, my friend.

Have a good day.