US election live: Trump to choose personnel in ‘days and weeks ahead’; Harris says ‘do not despair’ in concession speech

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Trump says he will choose personnel who will make life ‘affordable, safe, and secure’ as Harris says, ‘this is not a time to throw up our hands’

Kuo was also asked by lawmakers about concerns Trump might cancel subsidies for TSMC, the world’s largest contract chipmaker, which is investing $65bn in the US state of Arizona for new factories.

Kuo said there was a contingency plan, including helping more companies in the supply chain to move to the United States.

“It is a trend for TSMC to keep expanding its investment in the United States,” he said.

TSMC has not yet commented on concerns it may have about the subsidies. Its Taipei-listed shares rose about 1% on Thursday morning. Taiwan’s GlobalWafers, investing $4bn in the United States, told Reuters it expects the Chips and Science Act award aimed at encouraging investment by chipmakers in the United States would continue under the new US administration.

“Multi-year and decadal programs like the CHIPS Act and the agreements we have signed are regularly continued from one administration to the next,” it said in a statement on Thursday.

“We expect the CHIPS programme to be no different and run smoothly in the Trump administration.”

Taiwan will help companies relocate production from China given the likely large impact on them from tariffs incoming US President Donald Trump has promised to impose on the country, Economy Minister Kuo Jyh-huei said on Thursday.

Continue reading…“}]] The Guardian Read More [[{“value”:”Trump says he will choose personnel who will make life ‘affordable, safe, and secure’ as Harris says, ‘this is not a time to throw up our hands’US election results 2024: live map and trackerSenate and House results 2024: live maps and trackerShare your reactions to Donald Trump’s seismic victoryKuo was also asked by lawmakers about concerns Trump might cancel subsidies for TSMC, the world’s largest contract chipmaker, which is investing $65bn in the US state of Arizona for new factories.
Kuo said there was a contingency plan, including helping more companies in the supply chain to move to the United States.
“It is a trend for TSMC to keep expanding its investment in the United States,” he said.
TSMC has not yet commented on concerns it may have about the subsidies. Its Taipei-listed shares rose about 1% on Thursday morning. Taiwan’s GlobalWafers, investing $4bn in the United States, told Reuters it expects the Chips and Science Act award aimed at encouraging investment by chipmakers in the United States would continue under the new US administration.
“Multi-year and decadal programs like the CHIPS Act and the agreements we have signed are regularly continued from one administration to the next,” it said in a statement on Thursday.
“We expect the CHIPS programme to be no different and run smoothly in the Trump administration.”Taiwan will help companies relocate production from China given the likely large impact on them from tariffs incoming US President Donald Trump has promised to impose on the country, Economy Minister Kuo Jyh-huei said on Thursday. Continue reading…”}]]