Despite concerns over President-elect Trump's criticism of Taiwan's alleged semiconductor industry appropriation, TSMC's CFO Wendell Huang expressed confidence that the company will continue receiving CHIPS Act funding as its Arizona projects progress.

Wendell Huang, CFO of TSMC talks about the prospect of CHIPS Act funding and says China isn't closing the technology gap with TSMC in chipmaking.

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.