‘Song to our ears’: Qualcomm CEO welcomes TSMC’s $100 billion funding to spice up U.S. chipmaking

Taiwan Semiconductor Production Co.‘s $100 billion loyalty to enlarge production within the U.S. is “great news,” Qualcomm CEO Cristiano Amon instructed CNBC on Tuesday, including it is helping with diversification of chipmaking places.

Amon additionally addressed U.S President Donald Trump’s tariff coverage, suggesting long term era tendencies would outweigh any snip time period indecision.

Trump introduced on Monday that TSMC would make investments $100 billion within the U.S. which might travel towards construction extra chip fabrication vegetation in Arizona. TSMC is the arena’s biggest semiconductor producer and provides chips to the likes of Qualcomm, Apple and Nvidia.

The U.S., beneath management of each Trump and previous President Joe Biden, has sought in order extra state of the art chip production to American ground at the farmlands that this can be a topic of nationwide and financial safety to have those complex applied sciences made nearer to house.

Many within the era trade have sponsored those plans, together with Qualcomm.

“Look, this is great news,” Amon stated. “It shows that semiconductors are important. It’s going to be important for … the economy. Economic security means access to semiconductors. More manufacturing is music to our ears.”

Amon stated that a few of Qualcomm’s chips are already manufactured in TSMC’s current vegetation in Arizona and going forward, the corporate gets extra semiconductors made within the U.S.

“TSMC is a great supplier of manufacturing for Qualcomm. They have a facility in Arizona. We already have chips built in Arizona. The more capacity that they put we’re going to use it, same way we’ve been using in Taiwan, we’re going to use it in other locations,” Amon stated.

World firms also are digesting the imposition of price lists by means of the U.S. on Mexico and Canada in addition to supplementary tasks on China.

Amon stated it’s recently tough to are expecting the affect on Qualcomm from the price lists.

“It’s hard to tell because you don’t know exactly how this is going to go. The interesting thing is we’re big
exporters of chips. We’re not an importer of chips … Chips are going to devices. They’re made all over the world, and it’s hard to really know what is happening,” Amon stated.

“We’re just is going to navigate based on whatever the outcome is.”

The Qualcomm CEO stated there are a selection of key era tendencies which might be more likely to backup the U.S. immense’s industry in the long run, over the snip time period tariff indecision.

We’re proper on the “beginning of a significant upgrade for AI smartphones. We’re seeing PCs changing to AI PCs. Cars are becoming computers. That’s what’s driving our business, not necessarily what we’re going to see in the short term,” Amon stated.