The Taiwan Semiconductor Manufacturing Company (TSMC) has reaffirmed its commitment to its $65 billion investment in U.S. semiconductor factories. It's despite President-Elect Donald Trump concerns over Taiwan's role in the U.S. semiconductor industry.
The world's largest contract chipmaker and a key supplier to tech giants like Apple and Nvidia, Taiwan Semiconductor Manufacturing Company (TSMC), has confirmed that its $65 billion investment plan in the U.S. remains unchanged. The company issued a brief statement on 7 November, saying it wanted to reassure investors and the public that its plans for new factories in Arizona are still on track.
It's after the President-Elect DonaldTrump had previously criticized Taiwan’s role in the U.S. semiconductor industry.
The chip maker, which is investing heavily in advanced semiconductor production in Arizona, is poised to receive a substantial $6.6 billion subsidy from the U.S. government for its Phoenix plant as part of the Chips and Science Act. However, in a response about the potential impact of Trump's re-election, TSMC emphasized that its U.S. investment strategy remains unaffected.
While Trump’s campaign rhetoric had suggested concerns over Taiwan’s involvement in the U.S. semiconductor market, TSMC's stock has continued to rise, driven by soaring demand for chips used in artificial intelligence (AI) technologies.
TSMC’s American Depositary Receipts (ADRs) gained 4.1%, after Nvidia’s shares rallied to a record high. It pushed the chip maker’s stock market value to $3.6 trillion making the company the first in history to surpass a value of this amount.
TSMC, along with other chipmakers like GlobalFoundries, is on track to receive final awards under the Biden administration’s Chips and Science Act, a program designed to bolster U.S. semiconductor manufacturing.
Despite political uncertainties, TSMC’s strategic investments in the U.S. underscore the company’s long-term commitment to the global semiconductor industry.
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Israel launched a strike on Saturday targeting Iran’s energy sector for the first time in its current military campaign, hitting installations at the South Pars gas field, a major fuel depot in Tehran, and a nearby oil refinery.
The EU will delay plans to curb Russian nuclear fuel imports, focusing first on phasing out Russian gas by 2027, the European Commission confirmed.
Another group of the Tchaikovsky Symphony Orchestra of Russia has been evacuated from Iran to Azerbaijan. During the night, a new group of orchestra members crossed into Azerbaijan through the Astara border checkpoint as part of the ongoing evacuation process.
France has closed four major Israeli company stands at the Paris Air show for reportedly displaying offensive weapons, intensifying diplomatic tensions with Israel amid criticism of its actions in Gaza.
A community event turned deadly in West Valley City, Utah as gunfire erupted during a local carnival, killing three people, including an eight-month-old baby and injuring two teens, after a dispute between two groups escalated.
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The European Commission confirmed on Thursday it will postpone the implementation of new international banking regulations by a year, citing concerns over global alignment and competitiveness.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
Israel launched a strike on Saturday targeting Iran’s energy sector for the first time in its current military campaign, hitting installations at the South Pars gas field, a major fuel depot in Tehran, and a nearby oil refinery.
The EU will delay plans to curb Russian nuclear fuel imports, focusing first on phasing out Russian gas by 2027, the European Commission confirmed.
Another group of the Tchaikovsky Symphony Orchestra of Russia has been evacuated from Iran to Azerbaijan. During the night, a new group of orchestra members crossed into Azerbaijan through the Astara border checkpoint as part of the ongoing evacuation process.
France has closed four major Israeli company stands at the Paris Air show for reportedly displaying offensive weapons, intensifying diplomatic tensions with Israel amid criticism of its actions in Gaza.
A community event turned deadly in West Valley City, Utah as gunfire erupted during a local carnival, killing three people, including an eight-month-old baby and injuring two teens, after a dispute between two groups escalated.
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