Major Apple supplier TSMC says investment plan in America unchanged after President Trump wins election

Major Apple supplier TSMC, the world’s largest dedicated independent “pure-play” semiconductor foundry, says its investment plan in America remains unchanged, responding to a question on the election of President Donald Trump.

Reuters:
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TSMC, the world’s largest contract chipmaker and a major supplier to companies including Apple and Nvidia is investing $65 billion in new factories in the U.S. state of Arizona.

TSMC’s shares have so far batted off concern about Trump’s election, and have performed strongly so far this year given soaring demand for artificial intelligence.

On Thursday, the company’s American Depositary Receipts closed up 4.1%, after Nvidia’s shares rallied to a record high, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion.

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MacDailyNews Note: Last month, TSMC announced it had achieved early production yields at its first plant in Arizona that surpass similar factories in Taiwan, a significant breakthrough for American semiconductor fabrication.

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