Trump says he just spoke with TSMC executives

Summary

US President Trump said at an Arizona campaign rally that he had just spoken with TSMC chairman C.C. Wei, amid pressure and rising US customer demand; TSMC is expanding 12 US facilities, Arizona fab 1 is in mass production, fab 2 is expected to enter production in H2 2027, and fab 3 may be pulled forward to 2027 with advanced processes Wallstreetcn. Trump also said the US would not let AI slow down .

Impact Analysis

So this isn’t just a phone call—it’s Trump publicly tying TSMC to the AI-security story, saying the US won’t let AI slow down and highlighting pressure plus rising US demand behind TSMC’s 12 US facilities, with Arizona fab 2 due H2 2027 and fab 3 rumored to pull forward to 2027 advanced nodes Wallstreetcn. The timing matters: it lands after a sharp semiconductor selloff, with SOX down nearly 6% and TSMC -3.41%, so the message is partly market stabilization . But read the trade-off: more US capacity supports the 15% US-Taiwan deal and large investment commitments, while raising capex and geopolitical/export-control risk, as Goldman’s NT$3300 target and $98bn capex ceiling show . Bottom line—tilt toward TSMC as the AI bottleneck, but hedge fab-cost and policy whiplash .