Trump Delivers Blow To China With Announcement That Taiwan Chip Maker Building $12 Billion U.S. Plant

The Trump administration hit hard against the Chinese Communist Party (CCP) late this week with the announcement that a Taiwan chip manufacturer will be building a plant in the United States and that the move will severely restrict the company’s ability to sell to China’s Huawei.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) announced that it will build a new factory in Arizona as part of a $12 billion deal with the U.S. that will “create over 1,600 high-tech professional jobs directly, and thousands of indirect jobs in the semiconductor ecosystem,” the company said in a statement.