TSMC primarily produces advanced chips in Taiwan but anticipates launching operations in the US. The Commerce Department forecasts tens of millions of cutting-edge chips will be manufactured for essential technologies by 2024. However, President Trump's looming semiconductor tariffs pose a significant challenge, as his administration seeks to strengthen domestic semiconductor production while criticizing the CHIPS Act’s financial implications. The overall national security and technological landscape depend on this industry, with Trump emphasizing the importance of domestic chip production to mitigate risks associated with reliance on foreign manufacturing.
"We have to have chips made in this country," Trump said last month. "Right now, everything is made in Taiwan... We want those companies to come to our country."
TSMC hasn't confirmed the WSJ's report but expressed a desire to discuss innovation and growth in the semiconductor industry with the President.
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