Taiwan Semiconductor Manufacturing plans to invest $100 billion to build out chip-making facilities in the U.S., according to people familiar with the matter. The company intends to make the investment over the next four years as part of a federal effort that could be announced as soon as later today,

Taiwan Semiconductor Manufacturing Company will unveil an investment of $100bn in advanced manufacturing in the US, in an effort to ward off possible tariffs on chips from Taiwan. A Trump administration official said that the world’s largest chipmaker would make the announcement on Monday,

The announcement is the latest effort by President Trump to persuade companies to make big investments in the U.S.