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.
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that kill...
At least 14 people have died and 32 others were injured after flash floods swept through Morocco’s Atlantic coastal city of Safi on Sunday, authorit...
At least 16 people have been killed and around 40 others wounded after a mass shooting at Sydney’s Bondi Beach during a public Hanukkah celebration,...
Israel’s Prime Minister Benjamin Netanyahu said Australia’s policies had encouraged antisemitism after a shooting at a Jewish celebration in Sydne...
China’s core artificial intelligence industry is projected to surpass 1.2 trillion yuan in 2025, up from more than 900 billion yuan in 2024, accordi...
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
At least 14 people have died and 32 others were injured after flash floods swept through Morocco’s Atlantic coastal city of Safi on Sunday, authorities said.
At least 16 people have been killed and around 40 others wounded after a mass shooting at Sydney’s Bondi Beach during a public Hanukkah celebration, Australian police said, confirming the incident is being treated as a terrorist attack.
Chileans head to the polls on Sunday for a presidential runoff that could deliver the country’s strongest move to the right since the end of military rule in 1990, as crime and security dominate voter concerns.
The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
Iranian authorities have seized a foreign tanker carrying more than 6 million litres of smuggled fuel in the Sea of Oman, detaining all 18 crew members on board.
Russia’s Human Rights Commissioner Tatyana Moskalkova says the Kyiv authorities have still not provided Moscow with a list of thousands of Ukrainian children it claims were illegally taken to Russia, despite the issue being raised during talks in Istanbul.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment