TSMC Shares Jump 2.49% on $2.38B in Trading (29th Most Active) as Trump Admin Rules Out CHIPS Act Equity Stakes

On August 22, 2025, TSMC (TSM) saw a 2.49% rise in share price with a trading volume of $2.38 billion, ranking 29th in market activity. The stock’s performance coincided with updated clarity from the Trump administration regarding its approach to the CHIPS Act incentives.

Initial speculation had suggested the administration might seek equity stakes in TSMC and Micron (MU) as part of grant agreements under the CHIPS Act. However, recent statements confirm no such plans exist for TSMC or Micron, despite earlier comments from Commerce Secretary Howard Lutnick hinting at potential equity involvement. This clarification alleviated investor concerns over ownership dilution and regulatory uncertainty, contributing to TSMC’s positive price movement.

Preliminary discussions indicate TSMC may voluntarily return subsidies if the U.S. government requests equity participation, though no final decisions have been made. The administration’s stance aims to reduce corporate risk exposure and maintain a stable investment environment for semiconductor firms, particularly those expanding U.S. operations.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day resulted in a cumulative return of 255% from 2022 to the present, with a maximum drawdown of -22.3%. Total profit reached $2,550 over the period, reflecting a volatile yet ultimately profitable trajectory driven by market fluctuations.