TSMC on Thursday reported record profit for the fourth quarter on strong demand for its AI chips, sending its shares up nearly 4%. Shares closed 1.36% higher on Friday.
In an earnings call following the esults, CEO and Chairman C.C. Wei highlighted TSMC's "long-standing and good relationship" with the U.S. government and the commitment and support it has received on the federal, state and city levels.
"Let me assure you that we have a very frank and open communication with the current government and with the future one also," he said in response to an investor question.