Taipei: Taiwan Semiconductor Manufacturing Co. (TSMC) on Tuesday dismissed a Taiwanese media report that claimed Nvidia CEO Jensen Huang visited Taiwan in late August to deliver a message from U.S. President Donald Trump’s administration. TSMC stated that Huang, a Taiwan-born naturalized U.S. citizen, actually came at the company’s invitation to give an internal speech.

According to Focus Taiwan, the Taiwanese media company Mirror Media had reported that Huang’s trip was aimed at pressing TSMC Chairman C. C. Wei to share profits on behalf of the Trump administration. The magazine, citing industry sources, alleged that Nvidia and Advanced Micro Devices Inc. (AMD) had agreed to hand over 15 percent of revenue from artificial intelligence (AI) chip sales to China to the U.S. government in exchange for approval to sell controlled products in China.

Huang arrived in Taiwan by private jet on Aug. 22, spoke to TSMC executives at the company’s research and development center in Hsinchu City, and attended a belated birthday celebration for TSMC founder Morris Chang. He also joined Wei and other TSMC executives for dinner before returning to the United States shortly afterwards, ending a whirlwind visit that lasted about 13 hours.

TSMC emphasized on Tuesday that it has smooth communication channels with the U.S. government and clarified that the CEO of Nvidia – the world’s largest company in terms of market capitalization as of August 2025 – was invited by TSMC to give a speech.

On Aug. 22, Wei addressed inquiries regarding reported U.S. government plans to take an equity stake in TSMC in exchange for subsidies. “They have already announced that they will not take shares,” he said. At the time, TSMC stated there had never been any discussions of equity participation and that communication with the U.S. government has been smooth and positive.