President Donald Trump wants to kill the CHIPS Act, which provides $6.6 billion in federal subsidies for TSMC's $65 billion Phoenix semiconductor fabrication complex. He claimed that TSMC has not received money from the program,

Enforcing the tariffs on Taiwan would be difficult, and they wouldn’t necessarily be enough to meaningfully increase semiconductor manufacturing in the United States, experts told WIRED.

TSMC's announcement of an additional US$100 billion investment in the US, including three new wafer fabs, two advanced packaging facilities, and a major R&D team center, has sparked conflicting reactions from market and industry observers.