TSMC CEO CC Wei denies US seeking stake in company

Taipei [Taiwan] 23 August: CC Wei, President and CEO of Taiwan semiconductor production company, confirmed that the US government would not seek a shares of property in the disintegrated giant reported by Focus Taiwan.

According to the news platform, he told reporters, “They announced that they will not receive stocks.” He said.

A TSMC spokesman, Wei’s statement echoing Taiwan’s central news agency on Saturday, the company did not discuss the ownership of the US government at all, and such a request was made, he said.

The first Reuters article referring to anonymous resources claimed that the US thought that there was equality in federal financing companies to build manufacturing facilities in the United States in companies such as TSMC. However, a US official later told Wall Street Journal that there was no plan that calls TSMC and Micron as companies that are not subject to any self -requirement.

Despite the statement, the Reuters report caused tremors in the market, and TSMC shares fell by 4.22 percent on concerns about potential government intervention in Taipei.

Adding his voice to the debate, Pegatron President Tung Tung Tung Tzu-Hsien referred to the famous words of former US President Ronald Reagan: “The government is not the solution of your problem in this crisis, the government is a problem,” the US government calls out to intervene in the activities of private companies.

As reported by Odak Taiwan, TSMC is currently investing in Arizona’s $ 65 billion to build three developed semiconductor Fabs. Since the end of 2024, it has already been in commercial production. The company has announced an investment of US $ 100 billion for the next few years, including plans for three Fables, two assembly and development centers.

This article was created from an automatic news agency feeding without changing the text.