0320 GMT - TSMC's fresh $100 billion investment plan in U.S. semiconductor manufacturing without subsidies is a policy win for the Trump administration, ING analyst Jan Frederik Slijkerman says in a note. Governments across the world have been working to shift chip manufacturing capacity closer to home to reduce geopolitical risks. While subsidies remain an important driver for local production elsewhere in the world, the threat of a U.S. tariff on chips could provide a strong incentive for U.S production, he says. The analyst thinks the tariff risk has contributed to TSMC's decision to invest $100 billion in Arizona after its $65 billion commitment under the Biden administration, he says. While the chip industry's outlook is relatively solid, he thinks tariffs could weigh. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 22:20 ET (03:20 GMT)
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