Taiwan Semiconductor Manufacturing Co. (TSMC) intends to invest US$100 billion in chipmaking plants in the United States over the next four years, reports said, as U.S. President Donald Trump is weighing new tariffs on semiconductors.

Taiwan Semiconductor Manufacturing Co. is expected to announce a $100 billion investment in the U.S. at the White House that would bring more semiconductor manufacturing to the country.

Apple's iPhone processor supplier TSMC is reportedly about to announce a further $100 billion investment in the United States.