The writer is the author of ‘Chip War’ “I’m a little bit nervous,” admitted CC Wei, the CEO of Taiwanese chipmaker TSMC, taking the podium at the White House this week as he announced the largest foreign investment in American history.

Taiwan Semiconductor Manufacturing Company said it is “not afraid” of losing Washington’s subsidies for its massive US investments, as the chief of the world’s largest chipmaker sought to reassure investors following US President Donald Trump’s call to kill the $52bn chips act.

The world’s largest contract chip maker’s latest $100 billion investment plan is aimed at meeting strong demand from U.S. customers, Wei said.

TSMC is on a slippery slope. Taiwan Semiconductor Manufacturing , the world's largest chipmaker, on Monday pledged $100 billion in fresh funds to build factories in the United States. It also committed to set up a major research and development centre stateside,

Taiwan is under constant threat of Chinese invasion—something that could become more likely now that America has its own supply of computer chip components.

The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.

The investment will go into building three new fabrication plants in Phoenix, Arizona, as well as two packaging facilities and a research center.

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

The company had already begun constructing three plants in Arizona after the Biden administration offered billions in subsidies.