Trump says Pentagon to invest $1.5 billion in North Carolina chip production

SMH•2026-10-21

President Donald Trump said the Pentagon would invest $1.5 billion in semiconductor chip production in North Carolina, but provided no details on how the investment would be made.

1. Investment announcement

Trump announced the proposed $1.5 billion investment at a rally in North Carolina, calling it “a very, very big one.” He did not provide details on how the investment would be made.

Trump says Pentagon to invest $1.5 billion in North Carolina chip production

1. Investment announcement

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