TSMC denies allegations that Nvidia CEO Jensen Huang coerced them into a revenue-sharing agreement with the Trump administration, dismissing such rumors.
In a recent development, Nvidia CEO Jensen Huang paid a visit to TSMC, the world's leading semiconductor manufacturer. Contrary to some speculations, this visit was not related to the Trump administration's move to acquire stakes in American companies or any profit-sharing arrangement with TSMC.
According to FocusTaiwan, the visit was actually for a belated birthday event for TSMC founder Morris Chang. During his stay, Jensen Huang gave an internal speech to the workers at TSMC.
Two weeks prior to Jensen Huang's visit, Nvidia's CEO had a meeting with TSMC CEO C.C. Wei. The nature of their discussions was not disclosed, but it was reported that they engaged in lighthearted banter over who would pay for dinner. TSMC CEO Wei proposed to pick up the dinner check if Jensen Huang agrees to his wafer pricing. Jensen Huang, however, agreed to Wei's terms.
It's important to note that TSMC falls outside of U.S. jurisdiction and was not involved in any profit-sharing arrangement with the Trump administration. TSMC CEO C.E.O Wei also stated that there is no need for secretive talks or back-alley deals regarding the Trump administration's move.
TSMC reiterated yesterday that it has smooth and positive communication with the White House. The company has also shut down a report claiming that Jensen Huang was delivering a message from President Trump over revenue sharing during his visit to TSMC.
The initial assumption that Jensen Huang's visit to TSMC was a routine check-up on the upcoming Vera Rubin chips that TSMC is manufacturing for Nvidia was also proven incorrect.
The Trump administration's move to acquire stakes in American companies sometimes by converting grants into equity has been announced as not applicable to TSMC. In August, the administration did strike an informal deal with semiconductor companies to share profits in exchange for permission to sell their chips in China, but TSMC was not part of this deal.
In conclusion, Jensen Huang's visit to TSMC was a celebration of Morris Chang's birthday, not a business negotiation or a part of any profit-sharing arrangement with the Trump administration. The visit marks a positive relationship between Nvidia and TSMC, as well as the smooth communication between TSMC and the White House.
Read also:
- Understanding Hemorrhagic Gastroenteritis: Key Facts
- Stopping Osteoporosis Treatment: Timeline Considerations
- Trump's Policies: Tariffs, AI, Surveillance, and Possible Martial Law
- Expanded Community Health Involvement by CK Birla Hospitals, Jaipur, Maintained Through Consistent Outreach Programs Across Rajasthan
