TAIPEI (Taiwan News) — TSMC Chair C.C. Wei (魏哲家) confirmed Friday that the US government has no intention of acquiring shares in TSMC.

Speaking after dinner with Nvidia CEO Jensen Huang (黃仁勳), Wei said, “They already announced they will not take a stake,” per Liberty Times. TSMC later added there have never been discussions about shareholding and that talks with the US government remain “smooth and positive,” per CNA.

His remarks helped dispel investor fears that the chipmaker could be forced into becoming “USMC.” The concern followed comments by US President Donald Trump, who said the government would take a 10% stake in Intel under a new agreement.

Washington said it has no intention of acquiring shares in TSMC or Micron, The Wall Street Journal reported. Officials said this reflects the fact these firms are already investing heavily in US manufacturing.

Pegatron Chair Tung Tzu-hsien (童子賢) warned against US intervention in corporate governance, arguing that TSMC, Intel, and Samsung would thrive better if left to market forces.