Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, is reportedly putting its plans for a new chip production facility in Japan on hold. According to the Wall Street Journal, the company is reshuffling its global expansion strategy in response to potential tariff risks posed by US policies.

Rather than moving forward with its Japanese project, TSMC is now said to be focusing its efforts on bolstering its operations in the United States. The move is seen as an effort to protect the company’s supply chain from tariffs introduced during the presidency of Donald Trump.

Click here to read the latest news!