Trump Announces $1.5 Billion Semiconductor Investment in North Carolina

GREENVILLE: US President Donald Trump has announced a $1.5 billion Pentagon investment to expand semiconductor production in North Carolina, alongside plans for a new quartz manufacturing facility to support the chip industry. The announcements were made during a Republican campaign rally on Tuesday, October 20, ahead of the November 3 congressional elections.

Trump said the initiatives aim to strengthen domestic manufacturing and reduce reliance on foreign supply chains, particularly for strategically important semiconductor materials. He also credited his administration’s tariff policies for encouraging companies to expand production within the United States.