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President Trump and TSMC Chairman C.C. Wei announced the company's $100-billion investment in U.S. chip manufacturing facilities in Arizona, a total of five new plants. 

The company says it plans a slower pace for construction to better align with demand.

The international electrical component manufacturer's investment in U.S. facilities totals more than $500 million in three years.

Firms will construct plants in undisclosed locations in Texas and the mid-Atlantic region, with the first 1.2-GW facility set to operate in 2029, but no project investment total was disclosed.

Controversial rebuild of a pair of 20-in.-dia pipes resting on the lake bottom with a single 30-in.-dia pipe inside a concrete-lined tunnel still needs federal permit approval and has opponents.

Senate Budget Committee Chairman Lindsey Graham (R-S.C.) said "time is of the essence" for House members to pass their government budget bill for next year. 

The action favors fossil fuel projects and comes as a White House panel takes step to repeal environmental regulations under the federal NEPA law.

Eaton Corp. says the investment adds on more than $1 billion it has put toward expanding its North American electrical equipment manufacturing.

Firm is bullish on cash flow strength and prospects for large scale data center, energy transition and federal projects

Aspen Aerogels says it will instead expand capacity at its existing plant in Rhode Island.