President Donald Trump on Wednesday said that Taiwan is doubling the size of the chipmaking plants under construction in Arizona, adding that it could help the U.S. share of the chip market rise to 50% by the end of his term.
“We’re creating more jobs, we have more people working today than have ever worked in the history of our country. It’s great and that’s before these places opened,” Trump said before his departure from Joint Base Andrews.
The president said that new chip plants will be opening up over the next year and that chipmakers from Taiwan, such as the industry leader TSMC, are adding to their investments in the U.S.
“The biggest company in the world, actually, the chipmaker. But they’re coming in, they’re building in Arizona, and they just announced they’re going to double the size. We could have 50% of the chip market by the time I leave office. You know what we have now? Nothing,” Trump added.
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FOX Business reached out to Taiwan Semiconductor Manufacturing Company for comment.
This is a developing story. Please check back for updates.
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