TSMC has affirmed that the company investment plan would remain unchanged under the new U.S. administration, the company responded to the question on Donald Trump’s recent victory in the presidential election.
TSMC is the world’s largest producer and supplier of semiconductors to major tech companies like Apple and Nvidia, the company is investing $65 million into a new manufacturing plant within the state of Arizona, United States.
During the campaign trail, Trump has accused Taiwan of stealing American chip business.
Under the Joe Biden administration, TSMC was awarded $6.6 billion in subsidy for an advanced chip manufacturing plant in Phoenix, Arizona in a preliminary agreement with the Department of Commerce.
TSMC, GlobalFoundries, and one more chipmaker are currently in the process of receiving their final Chips and Science Act awards from the administration, according to two sources familiar with the matter.
TSMC share prices remain high despite the concern about the election result, largely due to AI chip demand still soaring high.
