US President-elect Donald Trump has accused Taiwan of “stealing” the US chip industry. But Taiwan’s largest chip company is confident the Trump administration will continue to fund its projects in the U.S.

TSMC already $6.6 billion pledged Under the Joe Biden administration CHIPS and Science ACT Help build three cutting-edge chip manufacturing plants in Arizona as part of U.S. effort Domestic chip manufacturing.

In an exclusive interview with CNBC’s Emily Tan, TSMC Chief Financial Officer Wendell Huang said that funding is expected to continue to be phased in under Trump as manufacturing plants reach construction and production milestones.

“In fact, in the fourth quarter, we already received the first tranche of government support,” Haung said, revealing that the contract chipmaker had received $1.5 billion in funding.

Pay attention to some production delaysHuang said Arizona’s first manufacturing plant began producing advanced chips in the fourth quarter of last year. He added that building two factories in Arizona Already on track, expected second Put into operation in 2028.

TSMC’s first investment The Arizona project was announced in May 2020, and the company’s total investment in the three Arizona projects ultimately exceeded $65 billion.

Much of the investment comes after the Biden administration signed a bipartisan agreement chip method August 2022, commitment Nearly $53 billion Invest in the domestic semiconductor supply chain to counter China.

Although the incoming president is also expected to make Competition with China and made outsourcing manufacturing a priority for his second term. debate As for whether Trump and the Republican-led House of Representatives will revisit the CHIPS Act.

During his campaign for the White House, Trump publicly criticized the bill and its price tag, arguing that tariffs were a more effective strategy for domestic chip manufacturing. The president-elect also accused Taiwan of “theft“The U.S. chip business.

However, industry experts told CNBC they expect Trump to abandon the policy Mostly intact for its bipartisan support in Washington.

Thursday TSMC Reports record profits Strong demand for artificial intelligence chips in the fourth quarter drove its stock price up nearly 4%. The stock closed up 1.36% on Friday.

During an earnings call following the results, CEO and Chairman Wei Zhongxian emphasized TSMC’s “longstanding and excellent relationship” with the U.S. government and the commitment and support it has received at the federal, state and municipal levels.

“I assure you that we have had very candid and open communications with the current administration and with future administrations,” he said in response to investor questions.

On Thursday, Wei also said the company would not attend Trump’s inauguration because he preferred to keep a low profile, Reuters reported.