Told TSMC it would pay 100% tax if it doesn't build in US: Trump

US President Donald Trump said he told Taiwan Semiconductor Manufacturing Company (TSMC) that it would pay up to 100% tax if it didn't build its plants in the country. "I gave them no money...all I did was say...you're going to pay a big tax," Trump said. TSMC announced plans to build five new chip facilities in the US in March.