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Trump may renege on CHIPS Act, jeopardizing plans to make Apple chips in the US


TSMC agreed to build a series of chip plants in the US, with Apple a key customer, using subsidies provided...

Trump wants to tax imported semiconductors and dismantle an incentive scheme under which Washington agreed to subsidise TSMC’s pledged $65bn investment in US production capacity with grants worth $6.6bn […] TSMC has to convince Trump to honour the Biden administration’s subsidies deal, which it needs to make its Arizona investment plans feasible. But at this point it would be hard for TSMC to trust anything the current administration offers in return, and the safest bet would be to cancel plans for expansion.

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