President Donald Trump is set to announceme a more than $100 billion investment from Taiwan Semiconductor Manufacturing, a chipmaker in Taiwan.

TSMC, the world’s largest chipmaker, will build chipmaking facilities in the United States.

TRUMP TO TOUT $100 BILLION INVESTMENT FROM TAIWAN CHIPMAKER

Trump will speak at 1:30 p.m. ET from the White House.

“We’re pleased to have an opportunity to meet with the President and look forward to discussing our shared vision for innovation and growth in the semiconductor industry, as well as exploring ways to bolster the technology sector along with our customers,” TSMC said in a statement to the Wall Street Journal, which first reported the news.