In response to inquiries following the election of Donald Trump as the next U.S. president, TSMC issued a statement via email late Thursday, stating that its investment plan in the U.S. remains unchanged. The company did not provide further details.
TSMC is investing $65 billion to build new manufacturing facilities in Arizona, solidifying its position as a key player in the global semiconductor industry.
During his campaign, Trump accused Taiwan of appropriating American semiconductor business.
In April, TSMC's U.S. subsidiary received a preliminary agreement for a $6.6 billion subsidy aimed at advanced semiconductor production in Phoenix, Arizona, from the Commerce Department.
According to sources familiar with the situation, TSMC, GlobalFoundries, and at least one other chipmaker are expected to receive their final awards under the Chips and Science Act from the Biden administration soon.
Despite concerns surrounding Trump's election, TSMC's shares have shown resilience and have performed well this year, driven by a surge in demand for artificial intelligence.
On Thursday, the company's American Depositary Receipts rose by 4.1%, following a record high in Nvidia's shares, making TSMC the first company ever to exceed a market valuation of $3.6 trillion.