TSMC Maintains U.S. Investment Strategy Following Trump Election Win

Taiwan Semiconductor Manufacturing Co. (TSMC) confirmed that its U.S. expansion plans remain unchanged despite Donald Trump’s recent election victory. In an emailed statement on Thursday, TSMC assured that its $65 billion investment in new semiconductor plants in Arizona is proceeding as planned, though it did not offer further details.

TSMC, the world’s leading contract chipmaker and a major supplier for companies like Apple and Nvidia, has been expanding its U.S. presence as part of an extensive strategy to bolster global production. Trump’s campaign, which included criticisms of Taiwan for “taking American semiconductor jobs,” does not appear to impact TSMC’s plans. In April, TSMC’s U.S. branch secured a preliminary $6.6 billion subsidy agreement with the U.S. Commerce Department to support its advanced semiconductor manufacturing in Phoenix, Arizona.

The Taiwanese chipmaker’s steady progress aligns with recent moves under the U.S. Chips and Science Act, a significant part of Washington’s efforts to strengthen domestic chip production. Both TSMC and other major players like GlobalFoundries are expected to finalize their funding from the Biden administration soon, as confirmed by sources close to the matter.

In terms of market performance, TSMC’s stock has held strong amidst Trump’s re-election. The company’s American Depositary Receipts (ADRs) closed up by 4.1% on Thursday, fueled by Nvidia’s record stock performance, which lifted the broader semiconductor sector. Nvidia’s shares hit an all-time high, propelling the chip industry’s valuation over $3.6 trillion for the first time in history as demand for AI technologies continues to surge.