On November 18, 2025, TSMC announced it has received about NT$147 billion (US$4.71 billion) in subsidies from the U.S., Japan, Germany, and China over the past two years to support its global expansion, including new fabs in Arizona, Dresden, and Kumamoto. These funds are allocated for property, facilities, equipment, and operational costs at overseas production sites, reinforcing TSMC's global leadership and supply chain resilience[1][2]. TSMC's stock closed at $277.91 on November 18, 2025, down 1.45%. The decline occurred despite the major subsidy news, possibly reflecting broader market caution as major indices also closed slightly lower and no immediate economic catalysts were present in the market context.