A threat by Trump, who will take office in January, to impose 60-percent tariffs on US imports of Chinese goods poses major growth risks for the world's second-largest economy.Taiwanese companies have invested billions of dollars in China over the past four decades, taking advantage of historically lower costs, but Taiwan's government, wary of stepped up pressure from Beijing to accept Chinese sovereignty claims, has been encouraging its firms to move investment elsewhere.
Kuo was also asked by lawmakers about concerns Trump might cancel subsidies for Taiwan Semiconductor Manufacturing Company , the world's largest contract chipmaker, which is investing $65 billion in the US state of Arizona for new factories.Kuo said there was a contingency plan, including helping more companies in the supply chain to move to the United States.'It is a trend for TSMC to keep expanding its investment in the United States,' he said.