LIVE: U.S. President Donald Trump Makes Investment Announcement from the White House | N18G

LIVE: U.S. President Donald Trump Makes Investment Announcement from the White House

President Donald Trump is making a major investment announcement from the White House Roosevelt Room, impacting the U.S. economy, jobs, and financial markets. Stay tuned for live coverage, expert analysis, and reactions from political and business leaders.

President Trump on Monday will announce that a leading Taiwanese semiconductor chip company plans to invest $100 billion in new manufacturing plants in the U.S., two sources tell CBS News.

Taiwan Semiconductor Manufacturing Company, or TSMC, is one of the world's three largest manufacturers of semiconductor chips, and plans to make the major investment over the next four years, the sources said.

Mr. Trump expected to make the announcement at a 1:30 p.m. event in the Roosevelt Room of the White House. The Wall Street Journal was first to report the investment pledge.

TSMC is a major player in the semiconductor space. The company was promised $6.6 billion in funding under the Biden-era CHIPS and SCIENCE Act of 2022, and announced plans for its first U.S. plant in Arizona.

The anticipated announcement comes amid Mr. Trump's threats to impose tariffs on semiconductor chip imports, which TSMC could avoid by manufacturing the chips in the U.S. The president has also floated expedited permits for companies that invest at least $1 billion in the U.S.

Disclaimer: This Video May Contain Potential Allegations That Might Contradict Or Are Not Confirmed By CNN-News18.

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