TSMC Confirms Unchanged U.S. Investment Plans Following Current Election Results

TSMC reaffirms $65 billion Arizona investment, remaining committed to U.S. projects amid election shifts and rising semiconductor demand for AI technology. 

TSMC (Taiwan Semiconductor Manufacturing Company), the world’s largest contract chipmaker and a key supplier to tech giants like Apple and Nvidia, declared that its U.S. investment plans remain unchanged following the recent U.S. election results. Although it did not provide extra details, yet this statement, issued via email on Thursday, clarified that the company’s commitment to its U.S. projects remains intact. 

A strategic move for bolstering advanced semiconductor production in the United States, TSMC is currently investing $65 billion in new manufacturing facilities in Arizona. Particularly from companies involved in artificial intelligence and other high-tech industries, this development is part of a broader plan to strengthen TSMC’s presence outside Taiwan and meet the increased demand for its chips. 

Donald Trump had criticized Taiwan, accusing the country of taking U.S. semiconductor business, during his campaign.  TSMC’s commitment to its U.S. operations is firm, nonetheless. TSMC’s U.S. subsidiary secured a preliminary $6.6 billion subsidy from the U.S. Commerce Department to support advanced chip production in Phoenix, Arizona, earlier this year. 

Other important semiconductor companies such as GlobalFoundries and at least one additional chipmaker is expected to receive substantial funding from the Biden administration under the CHIPS and Science Act in addition to TSMC. To bolster domestic semiconductor production, this funding initiative is part of the U.S. government’s effort, reduces dependence on foreign suppliers, and enhances national security. 

TSMC’s stock has performed robustly, reflecting trust in the company’s future. On Thursday, TSMC’s American Depositary Receipts saw a 4.1% rise, largely driven by Nvidia’s record-breaking share rally, which thrived the company’s market valuation to an unprecedented $3.6 trillion despite the political climate and shifts in U.S. leadership. Especially for artificial intelligence applications, this rise underscores the booming demand for semiconductors and reaffirms TSMC’s role as a critical player in the global tech supply chain.