Qualcomm welcomes TSMC’s $100 billion investment

Taiwan Semiconductor Manufacturing Co. (TSMC)’s $100 billion investment in expanding production in the United States is “great news,” said Qualcomm CEO Cristiano Amon in an interview with CNBC on Tuesday, March 4, 2025. According to him, this contributes to the diversification of semiconductor manufacturing locations.

“Listen, this is great news,” Amon emphasized. “It shows that semiconductors are important. This will be important for… the economy. Economic security means access to semiconductors. Expansion of production is music to our ears.”

US President Donald Trump announced on Monday that TSMC is investing $100 billion in the US, which will be directed towards building additional chip manufacturing plants in Arizona. TSMC is the world’s largest semiconductor manufacturer and supplies chips to companies such as Qualcomm, Apple, and Nvidia.

The US, both under the Trump administration and former President Joe Biden, has sought to attract more advanced chip manufacturing to American soil, arguing that bringing the production of these advanced technologies closer to home is a matter of national and economic security.

Many representatives of the technology industry have supported these plans, including Qualcomm. Amon also commented on President Trump’s tariff policy, suggesting that long-term technology trends would outweigh any short-term uncertainty.

The Qualcomm chief noted that some of the company’s chips are already being manufactured at TSMC’s existing factories in Arizona, and in the future, the company will receive more semiconductors produced in the US.

“TSMC is an excellent manufacturing service provider for Qualcomm. They have a facility in Arizona. We are already manufacturing chips in Arizona. The more capacity they bring online, the more we will use it, just as we use capacity in Taiwan, we will use it in other places,” Amon stated.