TSMC’s CFO expresses optimism about ongoing funding for chip projects despite political changes
Phoenix: TSMC is feeling pretty good about its future in the U.S. chip market. Despite some political noise, the company’s CFO, Wendell Huang, believes funding will keep flowing under Trump.
They’ve already received a nice chunk of change—$1.5 billion—thanks to the CHIPS and Science Act. This funding is crucial for their three chip plants in Arizona, which are part of a big push to bring chip manufacturing back to the U.S.
Huang mentioned that the first plant is already up and running, and the second one is on track to start production by 2028. TSMC’s total investment in Arizona is set to exceed $65 billion, which is no small feat.
Even though Trump has been critical of the CHIPS Act, experts think he’ll likely keep it mostly as is because it has bipartisan support. TSMC’s CEO, C.C. Wei, reassured investors that they have a solid relationship with the U.S. government.
In fact, TSMC just reported record profits, thanks to high demand for AI chips. Their shares jumped nearly 4% after the news. Wei also mentioned they prefer to stay out of the spotlight and won’t be attending Trump’s inauguration.
