TSMC Chairman Mark Liu (left) and NVIDIA CEO Jensen Huang are talking at the equipment introduction ceremony at the TSMC plant in Phoenix, Arizona, USA, on the 6th of last month. On this day, TSMC announced its plan to build a second semiconductor factory in the United States by investing $40 billion. /Getty Images Korea
Taiwanese semiconductor company TSMC is expected to receive more than $5 billion (approximately 6.6 trillion won) in subsidies under the Semiconductor Act from the U.S. government. Intel and Micron in the U.S. and Samsung Electronics in Korea are also expected to receive billions of dollars in support. However, the amount is flexible.
On the 8th (local time), Bloomberg News reported that TSMC, which is building a semiconductor factory in Arizona, has been negotiating subsidies with the U.S. government and will receive more than $5 billion in federal subsidies. TSMC plans to invest $40 billion to build two foundry plants in Arizona.
In addition, Intel and Micron in the U.S. and Samsung Electronics in Korea are likely to each receive large-scale support worth billions of dollars, but the amount has not been confirmed, Bloomberg reported.
Of the total $39 billion in semiconductor production subsidies, the U.S. Department of Commerce allocated $28 billion to support advanced semiconductor production companies such as TSMC and Samsung Electronics. However, it has been revealed that the total amount of funds requested by companies currently exceeds $70 billion. This means that the amount of support may vary depending on the political judgment of the Biden administration or the negotiating power of companies ahead of the US presidential election in November.
Bloomberg cited sources as saying that in addition to Samsung Electronics’ decision to invest $17 billion to build a new factory in Texas to increase the amount of subsidies it receives from the U.S. government, it is discussing additional investment plans with the U.S. government.
Intel is discussing with the Department of Commerce a plan to receive more than $10 billion in support, including grants and loans. The Department of Commerce aims to announce subsidy support plans for major high-tech semiconductor companies by the end of this month.
2024-03-09 05:41:00
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