'Music to our ears': Qualcomm CEO welcomes TSMC's $100 billion investment to boost U.S. chipmaking

Group 1 - TSMC's $100 billion investment in the U.S. aims to expand chip manufacturing, particularly in Arizona, which is seen as positive news for the semiconductor industry [2][3][5] - Qualcomm's CEO, Cristiano Amon, emphasized the importance of semiconductors for economic security and stated that increased manufacturing capacity in the U.S. is beneficial for the economy [4][5] - Amon noted that Qualcomm already utilizes TSMC's existing facilities in Arizona and anticipates increased semiconductor production in the U.S. as TSMC expands its capacity [5][6] Group 2 - The U.S. government, under both Trump and Biden, has prioritized bringing advanced chip manufacturing to the country for national and economic security reasons, with support from the technology industry [4] - Amon expressed uncertainty regarding the impact of U.S. tariffs on Qualcomm, highlighting the company's role as a major chip exporter rather than an importer [6][8] - Amon identified key technology trends, such as the rise of AI in smartphones and PCs, as long-term drivers for Qualcomm's business, which may overshadow short-term tariff uncertainties [9]