On November 18, 2025, TSMC announced it received about NT$147 billion (US$4.71 billion) in subsidies over the past two years from the U.S., Japan, Germany, and China to support its global chip manufacturing expansion[2][3][5]. These funds are allocated to new fabs and operational costs in key regions, including Arizona, Kumamoto, Dresden, and Nanjing. This substantial financial support underscores TSMC's strategic importance in the semiconductor industry and bolsters its competitive position amid rising demand for advanced chips. The announcement aligns with TSMC’s ongoing investments in cutting-edge manufacturing and is likely a key factor in investor sentiment and recent stock price movements. TSMC shares closed at $277.91 (-1.45%) on November 18, 2025, reflecting moderate volatility, with no evidence of a direct major price swing attributed solely to this news.