Taiwan's Minister of Economic Affairs’ J.W. Kuo is was unimpressed by remarks by President-elect Donald Trump, who claimed that Taiwan is stealing US semiconductor technology.

He said TSMC's 2nm core technology will remain in Taiwan despite the ambitions of the foundry to take it abroad.

Since Taiwan has related regulations to protect its own technologies, TSMC cannot produce 2-nanometer chips overseas. Although TSMC plans to make 2-nanometer chips abroad in the future, its core technology must stay in Taiwan.

TSMC has benefited tremendously under Biden, participating in the world's largest semiconductor incentive, the "CHIPS" Act, which ultimately prompted the development of the Arizona facility, which is now slated for opening in December.

TSMC is said to initially manufacture 4nm/5nm processes in the US facility, with plans to expand up to 2nm by the end of the decade. However, it looks like the Taiwan government isn't too well off with the "technology transfer" to the US.

With Trump in office, the US might change its stance towards aiding foreign entities in setting up facilities in the nation.  He has stated that countries like "Taiwan" should pay the US to facilitate domestic production and provide protection money to keep China from invading.

Practically though, if China did invade there would be a major supply issue for all types of chips world wide.