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.

The chipmaker remains on track to secure billions in CHIPS Act grants, reinforcing America's semiconductor leadership

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.