TSMC, Samsung Urge U.S. to Allow Them Into $52 Billion Chip Plan
- The two chipmakers are spending billions on new U.S. fabs
- Intel has said Washington should only subsidize American firms
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Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. urged the U.S. to allow foreign companies to participate in a $52 billion federal program aimed at boosting chip production on American soil.
The world’s top two contract chipmakers are already both planning to spend billions of dollars to build new cutting-edge plants in the U.S. The Biden administration has made it a priority to bulk up domestic manufacturing capacity, aiming to ensure supply after chronic shortages of semiconductors over the past two years.