On November 18, 2025, Taiwan Semiconductor Manufacturing (TSMC) was reported to have secured nearly $5 billion in subsidies from governments worldwide to expand its chip manufacturing capacity. This major development underscores TSMC's critical role in the global semiconductor supply chain and supports its ongoing international expansion efforts.[2][6][7] Despite this positive news, TSMC shares traded lower during the session, with the stock price at $278.26 (-1.33%) as of 2:34 PM EST. The decline aligns with broader market weakness, as major indices and tech stocks faced pressure amid shifting Federal Reserve rate-cut expectations and rising market volatility.