TSMC Scores Subsidies and Picks Site for $12 Billion U.S. Plant
- Chairman Mark Liu says subsidies require a Congressional nod
- Washington’s curbs threaten to wreak havoc on chip ecosystem
May 15: TSMC Plans $12 Billion U.S. Chip Plant in Arizona
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Taiwan Semiconductor Manufacturing Co. has secured government subsidies for its envisioned $12 billion chip plant in Arizona, moving closer toward finalizing a facility designed to allay national security concerns and shift high-tech manufacturing to America.
TSMC, the main chipmaker to Apple Inc. and Huawei Technologies Co., has picked a site for the future plant and both federal and state governments have agreed to help make up for the higher cost of fabricating semiconductors in the U.S., Chairman Mark Liu told reporters Tuesday. Negotiations continue over the specifics of those incentives, he said without elaborating or identifying the site’s location.