Contract chipmaker Taiwan Semiconductor Manufacturing Co TSM expressed conviction in the Donald Trump administration’s commitment to bolstering the country’s semiconductor position by funding the construction of chipmaker facilities under the CHIPS Act.

Taiwan Semiconductor Manufacturing Co. (TSMC) is at the centre of a geopolitical and economic tug-of-war as it navigates US efforts to localise semiconductor manufacturing. While the Biden administration allocated $6.

Wendell Huang, CFO of TSMC talks about the prospect of CHIPS Act funding and says China isn't closing the technology gap with TSMC in chipmaking.