On Monday, a significant event occurred in the realm of American semiconductor manufacturing President Donald Trump signed an executive order creating a new organization tasked with managing the CHIPS Act program. This initiative aims to accelerate corporate investments in the United States and bolster domestic chip production.

Hyundai Steel recently announced a joint project with Hyundai Motor Group to build a new steel mill in Louisiana, USA. The project is valued at USD 5.8 billion and is designed to produce 2.7 million tonnes of steel per year. This initiative is an integral part of Hyundai Motor Group’s larger plan to invest USD 21 billion in the United States, as revealed by the company’s chairman during a meeting at the White House.

Shares of Taiwan Semiconductor Manufacturing Co (TSMC) dropped by 2.25% on Tuesday. The decline followed the company's announcement of plans to invest $100 billion to expand manufacturing capacity in the United States. This move represents TSMC's strategic initiative to strengthen its presence in the U.S. semiconductor market.

Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW), a global leader in contract semiconductor manufacturing, has announced plans for significant expansion in the United States. This move involves a $100 billion investment aimed at building five additional chip manufacturing plants in the country. The company's CEO, C.C. Wei, highlighted these plans during a meeting with former US President Donald Trump, emphasizing the need to bolster domestic production.