TSMC responds as Trump decries US funds for massive Phoenix chip factory

WASHINGTON – The federal government promised billions to Taiwan Semiconductor Manufacturing Co. to bring thousands of high-paying jobs to Phoenix. Former President Donald Trump is critical of the funding, and if elected, said he could claw back the subsidies – putting those jobs at risk.

“Taiwan took our chip business,” he said in a June interview that roiled the stock price of Taiwan Semiconductor Manufacturing Company, arguing that Taiwan is “immensely wealthy” and the U.S. shouldn’t…