TSMC objects to US chip plant terms and seeks $15B in subsidies.
TL;DR
TSMC, the manufacturer of Apple's processors, is requesting $15 billion in aid from the US to build plants in the country, but is objecting to the Biden Administration's conditions, including profit sharing and operational information. TSMC is concerned that these conditions could discourage chip makers from working with the US. The company is nearing the opening of its Arizona plant and is tripling its investment in the state to $40 billion. However, TSMC engineers have also complained that Americans don't work hard enough.
- TSMC is continuing to complain about 'unacceptable' US chip plant terms AppleInsider
- TSMC Seeks Up to $15 Billion From U.S. for Chip Plants but Objects to Conditions - WSJ The Wall Street Journal
- TSMC Seeks $15 Billion from U.S., But Pushes Back on Restrictions Tom's Hardware
- TSMC Seeks $15B In Subsidies, Wants To Negotiate Certain Terms Of US Chips Act Like Profit Sharing Yahoo Finance
- TSMC Arizona plants: US rules 'unacceptable'; more cash needed 9to5Mac
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