Former President Donald Trump has reignited debate over the Chips Act by proposing its termination in favor of tariffs.

TSMC, the world’s biggest semiconductor manufacturer, produces chips for companies including Apple, Intel and Nvidia.

TSMC, the world’s biggest semiconductor manufacturer, produces chips for companies including Apple, Intel and Nvidia.

President Donald Trump's threat to scrap the CHIPS Act while luring semiconductor investment in the U.S. through tariffs hurts Intel and American competitiveness, according to the Financial Times.

TSMC Chairman C.C. Wei recently held a press conference with US President Donald Trump at the White House, announcing an additional investment of US$100 billion in the US. Shortly after, he convened another press conference with Taiwan's President Ching-te Lai to clarify TSMC's intentions regarding its investments in the US.

During his speech Tuesday, President Donald Trump called for repealing the CHIPS Act, which played a key role in Intel announcing its New Albany plant. While discussing major tech companies making investments in America as opposed to opening plants overseas,

TSMC, the world’s biggest semiconductor manufacturer, produces chips for companies including Apple, Intel and Nvidia.

Taiwan's economy minister said on Tuesday his ministry had not received information about an overseas investment application by Taiwanese chipmaker TSMC , when asked about possible investment in Intel and the United States.

U.S. President Donald Trump is slated to host executives from several large tech companies on Monday, including IBM (IBM), Intel (INTC), HP (HPQ) and Qualcomm (QCOM), according to a report by Bloomberg.