US President-elect Donald Trump has accused Taiwan of “stealing” his country’s chip business. But Taiwan’s largest chip company is confident that the Trump administration will continue to fund its operations in the US

The opinion of the company Taiwan Semiconductor Manufacturing Co., Ltd has been pledged $6.6 billion under the administration of Joe Biden CHIPS is the Science ACT to help build three chip manufacturing plants in Arizona as part of US efforts to making a chip on the surface.

Speaking to CNBC’s Emily Tan in an exclusive interview, TSMC’s Chief Financial Officer Wendell Huang said the investment is expected to continue at a slower pace under Trump as the manufacturing plant goes through a major construction and production phase.

“In fact, in the fourth quarter, we have already received the first batch of government support,” Haung said, revealing that the chip maker had secured a $1.5 billion investment.

Following others delayed productionThe first manufacturing plant in Arizona began producing large quantities of chips in the fourth quarter of last year, Huang said. He added that the construction of two plants in Arizona was on the way, and the second is expected It is active in 2028.

TSMC graphics the first payment in Arizona was announced in May 2020, with the company’s total investment in its three projects reaching $65 billion.

Most of these things happened after the Biden administration signed a bipartisan deal CHIPS Act in August 2022, to do about $53 billion to set up a domestic semiconductor investment fund and counter China.

While the incoming President is also expected to make competition with China and marine production ahead in its second phase, there has been to argue whether Trump and the Republican-led House will review the CHIPS law.

During his campaign for the White House, Trump publicly criticized the bill and its cost, arguing that the tariffs were the best way to build a navy. The president-elect also criticized Taiwan for “stealing“US chip business.

However, industry experts told CNBC that they expect Trump to drop the plan especially fragile for his bipartisan support in Washington.

TSMC on Thursday profit history report for the fourth quarter on the high demand for AI chips, sending its shares to about 4%. Shares closed 1.36% higher than Friday.

In earnings calls following the event, CEO and Chairman CC Wei highlighted TSMC’s “good relationship and relationship” with the US government and the commitment and support it has received at the state, federal and city level.

“Let me assure you that we have honest and open communication with the current government and the future,” he said in response to an investor’s question.

On Thursday, Wei said that the company will not attend Trump’s inauguration because it prefers to keep a low profile.