Wendell Huang, CFO of TSMC, believes that the CHIPS Act funding will remain under Trump.

• Under the Biden-administration's CHIPS and Science ACT, TSMC has been guaranteed $6.6 billion to construct three advanced chip fabrication facilities in Arizona.
• President-elect Donald Trump has accused Taiwan of "stealing" U.S. chip business.
• According to CNBC, TSMC CFO Wendell Huang stated that funding is expected to come in gradually under the Trump administration.

Taiwan's largest chip company believes the Trump administration will maintain funding for its projects in the U.S., despite accusations from President-elect Trump that Taiwan has been stealing the country's chip industry.

Under the Joe Biden administration's CHIPS and Science ACT, $6.6 billion has been pledged to construct three advanced chip fabrication facilities in Arizona as part of the U.S.'s efforts to shift chip manufacturing onshore.

In an exclusive interview with CNBC's Emily Tan, TSMC Chief Financial Officer Wendell Huang stated that the funding for the company is expected to continue to come in gradually as the fabrication plants pass construction and production milestones under the leadership of President Trump.

In the fourth quarter, we received the first batch of government support, which amounted to $1.5 billion, Haung disclosed.

The first fabrication plant in Arizona began producing advanced chips in the fourth quarter of the previous year, according to Huang. He also stated that the construction of two plants in Arizona was progressing smoothly, with the second plant expected to become operational in 2028.

Over $65 billion was invested by TSMC in Arizona, with the initial investment announcement made in May 2020.

The Biden administration's signing of the bipartisan CHIPS Act in August 2022 led to a significant increase in investments in the domestic semiconductor supply chain, with almost $53 billion committed.

The debate continues on whether Trump and the Republican-led House will re-examine the CHIPS Act during the incoming President's second term, as he is also expected to prioritize competition with China and onshoring manufacturing.

Trump, while running for president, publicly opposed the bill and its cost, suggesting tariffs as a better approach to bring chip manufacturing back to the U.S. Additionally, he accused Taiwan of stealing U.S. chip business during his campaign.

According to CNBC, industry experts predict that Trump will maintain the policy's status quo because of its bipartisan backing in Congress.

On Thursday, TSMC reported record profit for the fourth quarter due to strong demand for its AI chips, causing its shares to rise nearly 4%. On Friday, shares closed 1.36% higher.

During a post-results earnings call, TSMC CEO and Chairman C.C. Wei emphasized the company's "enduring and positive relationship" with the U.S. government and the consistent support it has received from federal, state, and city officials.

He assured the investor that they have a very open and honest communication with both the current and future governments.

On Thursday, Wei stated that the company would not participate in Trump's inauguration, opting to maintain a low profile, as reported by Reuters.