Taiwan Semiconductor Manufacturing Company pays Trump a $100 billion ‘protection fee’

TSMC CEO CC Wei, right, joins a press conference with President Donald Trump at the White House on March 3.
Mandatory Credit: Andrew Harnik/Getty Images via CNN Newsource — TSMC CEO CC Wei, right, joins a press conference with President Donald Trump at the White House on March 3. Mandatory Credit: Andrew Harnik/Getty Images via CNN Newsource

By CNN.com Wire Service

UPDATED: March 14, 2025 at 4:25 AM PDT

TSMC was awarded $6.5 billion in grants for its first three plants in Arizona under the bipartisan Chips Act.

Subscribe to continue reading this article.

Already subscribed? To login in, click here.

Originally Published: March 13, 2025 at 4:03 PM PDT

Most Popular

49ers’ Brock Purdy gets paid, but not as much as Dominick Puni
49ers' Brock Purdy gets paid, but not as much as Dominick Puni
49ers clear the decks for Brock Purdy: Say goodbye to the ‘Mr. Irrelevant’ storyline
49ers clear the decks for Brock Purdy: Say goodbye to the 'Mr. Irrelevant' storyline
Award in Santa Clara HOA lawsuit is largest ever in California after ‘extensive deception’ over abandoned well under condo
Award in Santa Clara HOA lawsuit is largest ever in California after 'extensive deception' over abandoned well under condo
Asking Eric: I’m glad our friend Bob got famous but his behavior is annoying me
Asking Eric: I'm glad our friend Bob got famous but his behavior is annoying me
Witness who rescued teenager recounted details of fatal Piedmont Cybertruck crash to authorities
Witness who rescued teenager recounted details of fatal Piedmont Cybertruck crash to authorities
Dear Abby: My wife survived her illness, and I am miserable
Dear Abby: My wife survived her illness, and I am miserable
Michelin honors 15 Bay Area/California restaurants as ‘new discoveries’
Michelin honors 15 Bay Area/California restaurants as 'new discoveries'
RH, formerly Restoration Hardware, preps new outlet store in San Jose
RH, formerly Restoration Hardware, preps new outlet store in San Jose
Asking Eric: I can barely leave my house anymore because of all the ‘service dogs’
Asking Eric: I can barely leave my house anymore because of all the 'service dogs'
Miss Manners: My friends say I was wrong to confiscate the tip jar
Miss Manners: My friends say I was wrong to confiscate the tip jar

Business |
Fear and resignation after ‘world’s most…

Breaking News

Business |
California insurance regulators approve State Farm’s request for massive homeowner rate hike

Business |
Fear and resignation after ‘world’s most powerful company’ pays Trump a $100 billion ‘protection fee’

TSMC was awarded $6.5 billion in grants for its first three plants in Arizona under the bipartisan Chips Act.

Subscribe to continue reading this article.

Already subscribed? To login in, click here.

More in Business

Economy |
California employment market stalls in January with zero job gains — or losses

Entertainment |
Nintendo San Francisco store set to open at Union Square on May 15

Housing |
California insurance regulators approve State Farm’s request for massive homeowner rate hike

Real Estate |
Downtown San Jose apartment project edges closer to breaking ground

Subscribe to continue reading this article.

Already subscribed? To login in, click here.

Share this:

More in Business