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Reuters

Chipmaker Taiwan Semiconductor Manufacturing Company (TSMC)’s investment plan in the United States remains unchanged, the company said, responding to a question on the election of Republican Donald Trump as the next US president.
“Our investment plan in the US remains unchanged,” the company said late on Thursday in an emailed statement, without elaborating.
TSMC, the world’s largest contract chipmaker and a major supplier to companies including Apple and Nvidia, is investing US$65 billion in new factories in the US state of Arizona.
Trump, while on the campaign trail, accused Taiwan of stealing American semiconductor business.

TSMC, GlobalFoundries and at least one other chipmaker are poised to receive their final Chips and Science Act awards from the Biden administration, two people briefed on the matter said this week.
The Commerce Department recently notified Congress at least three companies are close to receiving a final award, one of the people briefed on the matter and another source familiar with the negotiations said. Under the Chips Act, the Commerce Secretary must notify appropriate committees at least 15 days before making any deal over US$10 million.
TSMC, GlobalFoundries and the unidentified third company are among 21 awarded about $37 billion in preliminary agreements through the bipartisan 2022 Chips and Science Act, aimed at luring chipmakers out of Asia to expand production in the US. So far, only one has been finalised and announced. It went to Polar Semiconductor for US$123 million to expand and modernise a chip fab in Bloomington, Minnesota.
Reuters could not determine the timing of the award announcements or the exact amount, though it is expected to be close to the initial sum.
In April, TSMC’s US unit was awarded a US$6.6 billion subsidy for advanced semiconductor production in Phoenix, Arizona, in a preliminary agreement with the Commerce Department.
In February, GlobalFoundries was awarded US$1.5 billion to build a new semiconductor production facility in Malta, New York, and expand existing operations there and in Burlington, Vermont.
GlobalFoundries declined to comment.

A Commerce department representative decline to comment on TSMC and GlobalFoundries, but said: “Per statute, the congressional notification is a routine part of the Chips Programme Office process and doesn’t indicate that the award terms are final.”
In October, Trump described the Chips Act as “so bad”, during an episode of Joe Rogan’s podcast. “We put up billions of dollars for rich companies,” he said.
“When I see us paying a lot of money to have people build chips, that’s not the way,” Trump said. “You didn’t have to put up 10 cents. You could have done it with a series of tariffs. In other words, you tariff it so high that they will come and build their chip companies for nothing.”
Republican House Speaker Mike Johnson appeared to open the door to repealing the Act when a reporter asked him last week if Republicans would seek to repeal the law if they had a majority.
“I expect that we probably will, but we haven’t developed that part of the agenda yet,” Johnson said, before walking it back by later saying he misheard the question.
TSMC’s shares have so far batted off concern about Trump’s election, and have performed strongly so far this year given soaring demand for artificial intelligence.
On Thursday, the company’s American Depositary Receipts closed up 4.1 per cent, after Nvidia’s shares rose to a record high, making the chip designer the first company in history to surpass a stock market value of US$3.6 trillion.


TSMC’s move to cut off Chinese chip firms weighs on annual Beijing semiconductor forum

China’s legacy chip production slows in October as possibility of new US sanctions looms

TSMC extends dominance of semiconductors with 56% share of global lithography systems

China’s tech firms fear bigger curbs as TSMC stops AI chip supply on US order

Taiwan Semiconductor Manufacturing Company (TSMC)

Taiwan’s chipmaker TSMC says US investment plan unchanged after Trump’s election

TSMC says its US investment plan remains unchanged after the presidential election. Photo: AP

President Donald Trump has accused Taiwan of stealing US chip business. Photo: Getty Images/TNS

President Joe Biden tours the building site for a new TSMC plant in Phoenix, Arizona, in 2022. Photo: AP

Semiconductor firms ASML, AMD, Qualcomm reaffirm China commitment at CIIE trade fair

Hostesses for the China International Import Expo walk past a signage of the trade fair in Shanghai. Photo: EPA-EFE

ASML is the world’s largest supplier of advanced lithography systems used to manufacture semiconductors. Photo: Shutterstock

AMD displays an illustration of cultural relic restoration using artificial intelligence technology at its booth during the China International Import Expo trade fair in Shanghai. Photo: Xinhua

Intel invests US$300 million in China chip packaging and testing plant

Intel is investing US$300 million in a plant in Chengdu, China. Photo: Shutterstock

Intel’s booth at a supply china expo in Beijing in 2023. Photo: EPA-EFE

Tech war: China boosts quantum computer production with self-developed chips amid US sanctions

China is upgrading its first production line of superconducting quantum computers. Photo: Shutterstock

The Origin Wukong quantum computer. Photo: CCTV

Huawei founder Ren Zhengfei: US tech is great, but we have to build our own

Huawei CEO Ren Zhengfei. Photo: Xinhua

People line up outside a Huawei store in Beijing. Photo: EPA-EFE

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TSMC is poised to receive its final award from the Chips and Science Act, a Biden initiative that Trump has described as ‘so bad’


TSMC is poised to receive its final award from the Chips and Science Act, a Biden initiative that Trump has described as ‘so bad’.
