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TSMC's Strategic Withdrawal from Trump's Inauguration: A Cautious Move Amidst Uncertain Relations

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Taiwan Semiconductor Manufacturing Company (TSMC) has made a notable decision to refrain from donating or participating in the inauguration of Donald Trump. While major tech giants such as Google, Apple, Microsoft, Meta, and OpenAI have contributed significantly to the ceremony, TSMC's choice underscores a cautious strategy amidst potential political and economic tensions. The disparity in contributions appears to reflect a desire among tech companies to maintain favorable relations with the incoming president, especially in light of Trump's proposed tariffs, which could impact their operations considerably.
Apple CEO Tim Cook successfully secured tariff exemptions for the company during Trump's first term. | Image credit — Apple
C.C. Wei, the CEO of TSMC, stated that the company intends to maintain a low profile by not participating in the inaugural events. However, this decision may signal deeper implications about the company's stance towards a Trump administration that has previously criticized TSMC for relocating American business to Taiwan. Following Trump's comments, TSMC has paused work on its U.S. manufacturing plant, awaiting clarity on the policy direction of the new administration.
Given the historical context of Trump's administration and its potential impact on TSMC's business strategies, the company may need to reassess its engagement with U.S. markets. As a key player in the semiconductor industry, TSMC's position could influence broader economic relations, making their cautious approach particularly significant in the current political climate.
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