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Politics

Trump says Pentagon will invest $1.5 billion into North Carolina chip production

The Hill · October 20, 2026 at 9:26 PM

Trump says Pentagon will invest $1.5 billion into North Carolina chip production

President Trump on Tuesday announced a $1.5 billion dollar investment from the Pentagon to expand semiconductor production in North Carolina, as the administration pushes to reshore manufacturing to the U.S.

“The Department of War will be investing $1.5 billion dollars to produce cutting-edge semiconductor chips right here in North Carolina,” Trump said while speaking at...

Read the full article on The Hill ›

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