2:26:44 big day for a lot of reasons, but this gentleman is a very unique man. I think I could say in the world of chips certainly but in the world pretty much your business nobody's done what he has done. For those of you that are into that world, you would say wow! He's a legend, but he is a legend and it's an honor to be with you. Very great honor thank you very much. Thank you very much welcoming from TSMC, which is the biggest there is at a level that you can't even calculate frankly. CC Way to the White House for a very historic announcement this is a tremendous thing for our country and hopefully for his company we're also pleased to be joined by Commerce Secretary Howard Lutnick and White House
2:27:38 AI and sip the crypto czar David Sachs another two very highly respected people It's great to have you guys Involved in David. Thank you very much for coming on David is sort of the king of intellect in that world We have some good people today Taiwan semiconductor is announcing that they all be investing at least 100 billion dollars in New capital in the United States over the next short period of time to build state-of-the art semiconductor manufacturing facilities. I think mostly it's going to be in Arizona, which is what I understand and which is a great state. I like it because I won it but I won most stuff actually. But we wanted big. The most powerful AI chips in the world will be made right here in America
2:28:32 And it'll be a big percentage of the chips made by his company. But as you know, they're based mostly in Taiwan and they're far and away the biggest there's nobody even close this $100 billion dollars in new investment will go into building five cutting edge fabrication facilities in the great state that we just discussed Arizona and will create thousands of jobs many thousands of jobs And the high-paying jobs in total today's announcement brings Taiwan semiconductor investments to about a hundred and sixty five billion. They've started already Among the largest new foreign direct investments in the United States Apple as you know I made a big announcement last week of 500 billion, and we have some others that have announced We have many that want to announce
2:29:20 But I don't have time to do all of these announcements, but for you i'm doing the announcement. This will create hundreds of billions of dollars in economic activity and boost America's dominance in artificial intelligence and beyond. Semiconductors are the backbone of the 21st century economy and really without the semiconductors there is no economy powering everything from AI to automobiles to advanced manufacturing We must be able to build the chips and semiconductors that we need right here in American factories with American skill and American labor. And that's exactly what we're doing it as you know Taiwan pretty much has a monopoly on that market, and I think pretty much is not a term That's even appropriate they do have a monopoly in this is a tremendous move by the most powerful company in the world It's a matter of economic security. It's also a matter of national security for us
2:30:17 And at the same time, Mr. Wei will be able to diversify and have his tremendous presence in another place and a safe very safe place. And I want to thank Taiwan Semiconductor for doing the announcement. Mr. Wei to say a few words if you might and I'd also like to ask Howard and David You can say a couple of words, but maybe you should go first because right now he's the most important man in the room I'm sorry fellas please thank you very much Thank You Thank You I'm a little bit nervous so i have to pull out my piece of paper mr.. President secretary
2:31:08 And David, I didn't know that your title. But... Okay. First, I want to say thank you to Mr President for giving me this opportunity to announce our big project in the US. TSMC is the world's largest chip manufacturing funded by Dr Maurice Chen in 1987 It's now at the forefront of semiconductor technology, supporting AI advancement and industry growth. In fact I would like to wind back the time that in 2020 we have to thank President Trump's vision and his support so TSMC start the journey of establishing the advanced chip manufacturing
2:32:11 in Arizona. And now, let me proudly say the vision has become reality In Phoenix, Arizona with 3,000 employees we are producing the most advanced chip made on U.S. solar With the success of our first plant so we are now very happy to announce that we're going to invest additional 100 billion US dollars in addition to our current 65 billion US dollar investment in Arizona. We are going to build three more new fabs after we promised the three fabs already and another two very advanced packaging fabs, and most important R&D center also in Arizona
2:33:12 For this all the investment, 165 billion is going to create thousands of high-paid jobs as President Gatsa announced. And we are most important actually we're going to produce many AI chips We're gonna produce many chips to support an AI progress and to support the smartphones progress. Again with that I want to thank President Trump again for his support. In addition, I also want to thank my customers in the US such as Apple, Nvidia, AMD, Qualcomm, Broadcom they all support TSMC's manufacturing in the U.S. Without their support
2:34:08 We probably cannot make it true. So again, I want to thank them and also I would like to say that the TSMC employees without their effort we just cannot make it today. That is all I wanted to say and thank you. I'm thrilled to be here today because President Trump has made it a fundamental objective to bring semiconductor chip manufacturing home to America. Under the Biden administration, TSMC received a $6 billion grant and that encouraged them to build $65 billion dollars so America gave TSMC 10% of the money to build here
2:35:08 And now you're seeing the power of Donald Trump's presidency because TSMC, the greatest manufacturer of chips in the world is coming to America with a $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 greatness in America build for American customers Apple and NVIDIA that whole list the American people. We are excited about what Chairman Wei gave in order to bring production to America, so we're really, really excited. This continues the most incredible path you've ever seen in these first weeks and months of
2:35:55 The keys that the president has called out are coming here. They're coming here in huge size because they want to be in the greatest market in the world and they want to avoid the tariffs, that if they're not here, it'd have to suffer so I wanna congratulate CCWay for bringing in this incredible $100 billion investment but it's on the shoulders of our President Donald Trump which is why he's coming So thank you David? Thank you, sir. Well the products that TSMC makes are literally the most important products in the world I mean these are the best Let's stop there this is so strategic and it's cheerleading also for the money to flood in now It's up to five trillion committed In just the last 42 days since she got in already a trillion has hit And it's already having major effects in the markets We're not out of the woods yet but the globalist plan is launch wars crash those security system with a hack blame Musk