U.S. President Donald Trump talked up TSMC's multibillion-dollar investment in the U.S. during an interview on Full Measure with Sharyl Attkisson. He called the Taiwanese chip giant's chair and CEO, C.C. Wei, "one of the most respected people in business" and credited the increased U.S. investment to his tariffs.
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00:00U.S. President Donald Trump says Taiwan's TSMC proves his tough trade policies work.
00:06Here's what he said about its chair, C.C. Wei.
00:09Mr. Wei, one of the most respected people in business, forget about chips, from Taiwan,
00:17he's coming in, he's spending hundreds of billions of dollars, and he'll be spending
00:22it largely in Arizona.
00:24But these companies are coming in at levels that people haven't seen, and they're coming
00:27in because of the tariffs, and they're coming in because of me too.
00:31TSMC recently announced plans to boost its investment in the U.S. to a total of $165
00:38billion, a sum the White House calls the largest foreign direct investment in U.S. history.
00:45Trump has threatened to impose tariffs of 25 percent or more on imported chips.
00:50His administration's tariffs on metals, cars and medicines have already raised fears over
00:55high costs and a global trade war.