According to Reuters, Taiwanese chipmaker TSMC has no intention of sharing its income with the US authorities. On April 10, the company’s management said that it would communicate with Washington only about its "guidance" for a law designed to boost US semiconductor manufacturing.
Conditions described in the CHIPS ACT suggest sharing excess profit with the US government. However, there are some pitfalls as the application process could expose the confidential corporate strategy of TSMC.
At the moment, the world’s largest chip producer is negotiating with the US about the CHIPS ACT guidance. Taiwan Economy Minister Wang Mei-hua said that “TSMC was specifically talking to the United States about the details of the subsidies”. It is expected that the sum of $52 billion that should be spent on research and manufacturing will come from a specialized money pool.
South Korean President Yoon Suk Yeol also said that “the criteria are worrying companies like Samsung Electronics Co Ltd and SK Hynix Inc.”
“Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is investing $40 billion in a new plant in the western US state of Arizona, supporting Washington's plans for more chip-making at home,” Reuters writes.
