CHIPS Act Funding: Continuity Under Trump? CFO Insights

TSMC Confident in Continued CHIPS Act Funding Under Trump Administration

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, remains optimistic about ongoing U.S. government support despite the upcoming change in administration. CFO Wendell Huang revealed that TSMC has already received $1.5 billion of the promised $6.6 billion in funding under the CHIPS and Science Act.

The company's first Arizona fabrication plant began producing advanced chips in late 2024, with a second plant slated for completion by 2028. This $65 billion investment demonstrates TSMC's commitment to bolstering the U.S. semiconductor industry.

Bipartisan Support for CHIPS Act Expected to Continue

Despite former President Trump's previous criticism of the CHIPS Act, industry experts anticipate the policy will remain largely intact due to its strong bipartisan support in Washington. The act, signed into law in 2022, allocates over $50 billion to strengthen domestic chip production.

TSMC's Expansion and Its Impact on the Global Chip Industry

As TSMC continues to expand its U.S. operations, the company's confidence in sustained government backing highlights the critical importance of semiconductor manufacturing in today's global economy. This ongoing collaboration between TSMC and the U.S. government could play a pivotal role in shaping the future of the chip industry.

In conclusion, TSMC's optimism about continued CHIPS Act funding under the Trump administration underscores the strategic importance of semiconductor manufacturing to the United States. The company's significant investments and the bipartisan support for the CHIPS Act suggest a promising future for domestic chip production, potentially reshaping the global semiconductor landscape.