CEO of Taiwan Semiconductor Manufacturing Co (TSMC) to discuss deal with Trump at White House on Monday

The CEO of a giant in the semiconductor chip industry plans to meet with Donald Trump on Monday to discuss the Taiwanese company’s new $100bn investment in production in the United States.

Taiwan Semiconductor Manufacturing Co (TSMC) is expected to announce the investment in the United States at the White House, a person briefed on the matter said. In April the company’s CEO, C C Wei, agreed to expand its planned spending in the US by $25bn to $65bn and to add two more factories to its site in Arizona by 2030.