so america gave tsmc 10% of the money to build here. and now you are saying the power of donald trump presidency. because tsmc, the greatest manufacturer of chips in the world, is to america with $100 billion investment and, of course, that is backed by the fact that they can come here because they can avoid paying tariffs. so the idea is come to america, build gratis in america, build for the american customers, apple, nvidia, that whole list that the chairman gave in order to bring production to america. so we are really, really excited. this continues. the most in criminal path you've ever seen in these first weeks and months of the trump administration of incredible manufacturing coming to america. they keys the president has called out or come here. they're coming here in huge size because they want to be in the greatest market in the world and the one to avoid the tariffs that if they're not here they would have to suffer the want to congratulate c. c. wei for bring in this incredible $100 billion investment but is on the shoulder

the products that tsmc makes are literally the most important in the world.ips power everything and power, ai and phones and cars and without them, the whole monitoring economy would stop. but they're not made in the unit. for tsmc to move here is a huge, huge development, and we owe that to president trump's leadership on the economy. secretary lutnick as well and thank you for coming here. thank you. >> thank you, david. thank you very much. a big percentage of chips with this investment will be made now. a big percentage. worldwide we had very little, almost none. used to have a lot with intel but we had very little, and we'll be at close to 40% of the market with this transaction and a couple of others we're doing. that's a tremendous lonoke would have said is possible. if you want to have a couple questions, ideally on this subject. probably talking about 20, 25,000 jobs but it'll get bigger and bigger with jobs. knowing this gentleman, it'll get bigger and bigger. there'll be no stopping him. >> in addition to the jobs you talked about national security

how much progress has tsmc made so far on its previous commitment? mike: the biggest difference between intel and tsmc was really the customer base. intel was struggling to maintain the scale of the one in ohio come as you mention. tsmc come on the other hand, it is the world's leading maker of artificial intelligence the chips, and the demand for that is insatiable. as we know, they are the leading foundry for nvidia. in nvidia, we just all the earnings last week, jensen huang, the ceo of nvidia, looking ahead to really, you know, the demand that is hard to meet for their products. blackwell and others as, you know, what we are seeing globally going into artificial intelligence really seems to be on a course to continue unabated. and this actually fits in with donald trump's own vision for artificial intelligence. he wants to make sure that the u.s. remains dominant in this area. even by having a foreign flag and owned company like tsmc in the u.s. expanding, that does fit his vision, one year before the election, i've having companies from a invest

south america gave tsmc 10% of the money to build here.g the power of donald trump's presidency because tsmc, the greatest manufacturer of chips in the world, is coming to america with $100 billion investment. and of course that is backed by the fact that they can come here because they can avoid paying tariffs. so the idea is come to america, built greatness in america, built for the american customers. apple, nvidia. that whole list that chairman wei gave in order to bring production to america. we are really excited. this continues the most incredible path you've ever seen in these first weeks and months of the trump administration of incredible manufacturing coming to america. the key is that the president has called out are coming here. they are coming here and each size because they want to be in the greatest market in the world, and they want to avoid the terrorist that if they are not here they would have to suffer, so i want to congratulate cc wei, but it is on the shoulders of our president donald trump, which is why he is coming

the tariffs will certainly add to tsmc's construction costs, especially after tsmc had already previously. this is going back over a year. acknowledged that us manufacturing in arizona will cost more to operate than taiwan. we know that. and back in december, macquarie bank estimated at least 30% more. and that's not including these looming tariffs coming. so it's certainly going to be more and tsmc is very unlikely to absorb those costs. that means the customers have to do so. >> all right. that's a good that's a good understanding of all all of these issues which are at play christina. thank you. that's christina partsinevelos. let's now bring in capital area planning group's malcolm etheridge and requisite capitals brian talkington. both are cnbc contributors. dan greenhouse, of course, of solace is still with us. brant, i'll go to you first. i mean, are you surprised that invidia has continued to trade so poorly. >> on the surface? >> yes. right. so if you look at it fundamentally, they just. >> reported q3 2025, right. >> so they have a different year. so if you just look. >> at the

today's announcement brings tsmc s investment in the u.s. to about $165 billion, including a $40 billion expansion in arizona announced just over two years ago under president biden. >> tomorrow night, president trump goes to capitol hill, addresses a joint session of congress and prime time national audience. the president is expected to discuss the crackdown on u.s. borders with mexico and canada, along with efforts to cut government spending. ukraine will likely be discussed, but only part of the president's foreign policy agenda. meantime, the deadline to avoid a partial government shutdown is 11 days away. >> we're working in good faith, negotiating in good faith with our colleagues in congress to get that done. and i hope everyone will come to the table and do their job. >> while the themes are similar, a new president's speech to congress is not categorized as a state of the union. the trump administration's cost cutting measures are sweeping through more federal agencies, cutting jobs and programs as they go. today, we're expecting t

next up we have tsmc shares under pressure by about 2% after the company announced plans to invest $100 billion in chip plants in the u.s. over the next four years. this is a move that president trump is set to announce at the white house later today. they would help close -- help bolster trump's pledge to make the u.s. a dominant space in the ai space. this comes after piper sandler cut their title -- cut -- from $34 but they maintain an overweight rating, so the new price target implies around 100% increase from the last and it is a good day for crypto stocks because they are rallying after president trump once again talked up his plans to have a strategic crypto reserve. scarlet: thank you so much isabelle lee. let's move on to our next guest. we are going to talk about crypto because when it comes down to it, you look at those crypto stocks and they are moving on news of a possible u.s. strategic -- strategic crypto reserve. the news on sunday lifted the sector before giving way to skepticism. investors are questioning the merits and those picked by the administration. you can find

this is a tsmc, world's largest contract chip maker.ots in arizona back in 2020 they are going to expand and they are already rapidly growing u.s. business. this could be good for all. what hurdles do you anticipate? >> the biggest hurdle i think is getting these tax cuts that were started in 2017 which brought a lot of business to the united states, getting those extended. if they are not extended by a congress that frankly needs to be pushed in the right direction, i am hoping that president trump will do to the house republicans and senate republicans in particular what he did with zelenskyy, spelling out what needs to be done. if we don't get these tax cuts extended, we are going to have a huge tax increase for 65% of american taxpayers, including on the corporate side, so we will have far fewer companies coming in here with these investments because they won't have the incentives. trump is all about incentivizing the private sector to do more business. also about putting more money in our pocket, which we need with these tax cuts.

potential pathway to doing business in the style that you described, trump's style, and he talked about tsmc, this taiwanese chip maker that's visiting the white house today. the event that we watched earlier was part of this announcement, $100 billion deal of investment by these chip makers. but this chip maker in the united states, the president talks about these companies building here. is it more likely that we'll see that kind of foreign investment in the united states as a result of these tariffs? >> i mean, doesn't it sound great? he says it's simple enough that if you just build here in co-locate here, it's amazing that taiwan semi can do this in the southwest, because trump mentioned north carolina, whose furniture industry has been ravaged. it's not like you could just show up in high point, north carolina and build a semiconductor factory. the supply chain is brutally difficult. it's like the old saw, like, why can't we build the iphone here? well, taiwan has essential parts even with us made cars. you have chips that go into the brakes, which we saw during the pandemic. there was

in october 2024, we sell reports that tsmc produced hundreds of thousands of controlled chips for huawei. it was not smuggling but an enforcement failure that could have been avoided by basic due diligence. what will be your approach to setting future export control policy and how will you improve enforcement and close compliance loopholes? mr. kessler: this is obviously a huge concern in both the instance that you mentioned and every instance of china's advancing technology and ai and semi conductors. it is critical to ensure that we have strong enforcement and that eis -- bis uses the full scope and we are important -- working in an integrated way with the intelligence and defense community to prioritize our enforcement targets, and to make sure that the rules themselves are appropriately targeted to the challenges we face. i hope to work on that if confirmed. sen. rounds: thank you. i cannot leave without addressing you and saying i appreciated our opportunity to visit. but one of the best things we can do for the american public, consumers, farmers, ranchers and businessmen is to bri