Chipmaking giant Taiwan Semiconductor Manufacturing Company plans to invest at least $100 billion to grow its US manufacturing operations, President Donald Trump announced from the White House on Monday alongside the firm’s CEO C.

In a joint announcement with the Trump Administration, TSMC pledged to spend $100 billion on chip facilities in the U.S.

The Wall Street Journal reports that this afternoon, we’ll hear about how the chipmaker that Apple, Nvidia, and many others rely on “intends to invest $100 billion in chip manufacturing plants in the U.