TSMC's shares had been on a roll until US Republican presidential candidate Donald Trump accused Taiwan of stealing American chip business and asked the island to 'pay for its defence'

The United States has reportedly told allies it is considering using the most severe trade curbs available if companies continue giving China access to advanced chip tech

The server chip will likely focus on running AI models, also known as inference, rather than in training AI models, where Nvidia is dominant

The island has now been hit by more than 1,000 aftershocks following the deadly April 3 earthquake

Revenue for the first quarter of 2024 was $18.54 billion, up from $16.72 billion in the same three months last year

Contractors on the island are working to establish ‘alternative command systems abroad’ to protect global supply chains

Japan has already handed over subsidies worth about $2.18 billion to the chip firm, which is backed by NEC, SoftBank, Sony and Toyota, among others

Another plant in Japan would expand TSMC’s capacity there to more than 100,000 12-inch wafers to supply tech firms and carmakers including Sony and Toyota

Shares in the company have dropped 18% over the last month as chipmakers continue to struggle to gain traction after last year’s slump

The Joe Biden Administration is expected to begin handing out subsidies to top semiconductor companies in the coming weeks, according to a WSJ report

TSMC's shares closed 6.5% higher on Friday in Taipei, cementing its position as Asia's most valuable listed company

The chipmaking giant and Apple supplier still beat market predictions with its $20.1bn figure for the final three months of last year