US President-elect Donald Trump has accused Taiwan of "stealing" the US chip industry. But Taiwan's largest chip company is confident the Trump administration will continue to fund its projects in the U.S.

TSMC As part of efforts to make chips locally in the United States, Joe Biden's administration has pledged $6.6 billion to help build three cutting-edge chip manufacturing plants in Arizona.

In an exclusive interview with CNBC's Emily Tan, TSMC Chief Financial Officer Wendell Huang said that funding is expected to continue to be phased in under Trump as manufacturing plants reach construction and production milestones.

"In fact, in the fourth quarter, we already received the first tranche of government support," Haung said, revealing that the contract chipmaker had received $1.5 billion in funding.

Huang said the first manufacturing plant in Arizona began producing advanced chips in the fourth quarter of last year after experiencing some production delays.. He added that building two factories in Arizona The project is on track and the second project is expected to be operational in 2028.

TSMC announced its first investment in Arizona in May 2020, and the company's total investment in three projects in the state ultimately exceeded $65 billion.

Much of this investment was committed after the Biden administration signed the bipartisan CHIPS Act in August 2022, pledging nearly $53 billion to invest in domestic semiconductor supply chains and counter China.

There has been controversy over whether Trump and the Republican-led House of Representatives will revisit the CHIPS Act, although the incoming president is also expected to make competition with China and local manufacturing a priority during his second term.

During his campaign for the White House, Trump publicly criticized the bill and its price tag, arguing that tariffs were a more effective strategy for domestic chip manufacturing. The president-elect also accused Taiwan of "stealing" the U.S. chip business.

However, industry experts told CNBC they expect Trump to keep the policy largely unchanged due to bipartisan support in Washington.

TSMC reported a record fourth-quarter profit on Thursday due to strong demand for artificial intelligence chips, sending its shares up nearly 4%. The stock closed up 1.36% on Friday.

In an earnings call following the results, CEO and Chairman Wei Zhongxian emphasized TSMC's "long-term excellent relationship" with the U.S. government and the commitment and support it has received at the federal, state and municipal levels.

"I assure you that we have had very candid and open communications with the current administration and with future administrations," he said in response to investor questions.

On Thursday, Wei also said the company would not attend Trump's inauguration because he preferred to keep a low profile, Reuters reported.