TSMC (TSM, Financial), a leading semiconductor company, is optimistic about continued financial support from the U.S. government for its chip manufacturing projects in Arizona. The company's CFO, Huang Jen-chau, expressed trust that funds will be secured as construction progresses and production targets are met. This confidence comes in the wake of the Biden administration's CHIPS and Science Act, which promises $6.6 billion to aid TSMC's construction of three chip plants in Arizona.
Despite previous accusations by former President Trump alleging Taiwan's theft of the U.S. chip industry, TSMC received its initial government subsidies in the fourth quarter of last year. The first factory has already started production since late last year. Construction of the other two facilities in Arizona is advancing smoothly, with the second plant expected to begin operations in 2028.
Overall, TSMC remains steadfast in its commitment to expand its operations in the U.S., leveraging government support to bolster its manufacturing capabilities and contribute to the local economy.
