TSMC could address Mr. Trump’s demands by simply building more manufacturing capacity in the United States, said Stacy Rasgon, a semiconductor analyst at Bernstein Research. TSMC, which received up to $6.6 billion in grants from the CHIPS Act, is building three factories in Arizona and has the ability to expand there.

Is Intel now a Trump stock? But a joint venture with TSMC, now the worldwide chip-manufacturing leader, is not necessarily a great idea — and Rasgon pointed out some

President Donald Trump has promised sweeping tariffs on foreign semiconductors, but the move could have negative consequences for Intel’s construction in Ohio. Trump vowed to impose heavy tariffs on pharmaceuticals,