HSINCHU, Taiwan - Taiwan Semiconductor Manufacturing Company (TSMC) announced its intention to expand its investment in advanced semiconductor manufacturing in the United States by an additional $100 billion. Building on the company’s ongoing $65 billion investment in its operations in Phoenix, Ariz., TSMC’s total investment in the U.S. is expected to reach $165 billion.

The expansion includes plans for three new fabrication plants, two advanced packaging facilities, and a major research and development team center - solidifying this project as the largest single foreign direct investment in U.S. history.

Read the full announcement on TSMC.com