On November 18, 2025, TSMC announced it has received about NT$147 billion (US$4.71–$5 billion) in subsidies from the US, Japan, Germany, and China over the past two years to support its global chip manufacturing expansion. These funds are tied to major projects, including advanced fabs in Arizona, Kumamoto, and Dresden, and are critical for TSMC’s continued leadership in advanced semiconductor manufacturing[2][4][5]. TSMC shares closed at $278.01 on November 18, 2025, down 1.42%. The decline aligns with broader market weakness and cautious sentiment ahead of key tech earnings, rather than a negative reaction to the subsidy news, which is likely viewed as a long-term positive.