TSMC (TSM, Financial) saw its stock price increase by 1.12% in pre-market trading, reaching $221.15. The rise follows an announcement from TSMC's Chief Financial Officer, Huang Ren-Zhao, who confirmed that the company received $1.5 billion in subsidies from the U.S. government during the fourth quarter of last year. This financial support is part of the ongoing investment plans TSMC has in the United States.
Huang expressed confidence that the U.S. government, under the Trump administration, will continue to fund TSMC's investment initiatives in the country. This financial backing is seen as a significant boost for the company's expansion and operations in the U.S. market.
