TAIPEI (Nov 8): Chipmaker Taiwan Semiconductor Manufacturing Company Ltd's (TSMC) investment plan in the US remains unchanged, the company said, responding to a question on Republican Donald Trump's victory in the US presidential election.

"Our investment plan in the US remains unchanged," the company said late on Thursday in an emailed statement, without elaborating.

TSMC, the world's largest contract chipmaker and a major supplier to companies including Apple Inc and Nvidia Corp, is investing US$65 billion (RM284.83 billion) in new factories in the US state of Arizona.

Trump, while on the campaign trail, accused Taiwan of stealing American semiconductor business.

In April, TSMC's US unit was awarded a US$6.6 billion subsidy for advanced semiconductor production in Phoenix, Arizona, in a preliminary agreement with the Commerce Department.

TSMC, GlobalFoundries and at least one other chipmaker are poised to receive their final Chips and Science Act awards from the Biden administration, two people briefed on the matter said this week.

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 US$3.6 trillion.

Uploaded by Tham Yek Lee