Taiwan Semiconductor Manufacturing Company (TSMC) has approved a capital injection of up to $10 billion into its wholly owned unit, TSMC Global, aimed at reducing foreign exchange hedging costs. Additionally, the company’s board has authorized total capital appropriations of approximately $20.7 billion to support long-term capacity expansion and technology development in line with market demand forecasts. Following these announcements, TSMC shares reached a record high of NT$1,200 in Taiwan, pushing its market capitalization to NT$31.12 trillion (approximately $1.04 trillion). This surge in investor sentiment was partly influenced by recent statements from former U.S. President Donald Trump linking U.S. investments to tariff policies. Separately, Taiwan plans to allocate around NT$20 billion to assist firms impacted by tariffs, according to Taiwan trade official Yen Huai-shing.