Most of its chips are produced in Taiwan and over 75% are sold to customers in either the USA or (mainland) China, so TSMC understandably tries to remain neutral in trade disputes between the two. Tim Culpan at Bloomberg recently predicted that this neutrality may not hold for long, and TSMC will be forced to move some production to the USA. [1]
Especially if Intel continues to decline, increased investment by TSMC could be good news for American chip fabs and the communities that depend on them. On the other hand, the factory isn't built yet.
[1] https://www.bloomberg.com/opinion/articles/2020-05-11/tsmc-m...