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TSMC secures US govt subsidies and picks site for US$12b Arizona plant
businesstimes.com.sg, Jul. 02, 2020 –
TAIWAN Semiconductor Manufacturing Co has secured US government subsidies for its envisioned US$12 billion chip plant in Arizona, moving closer towards finalising 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 US, chairman Mark Liu said on Tuesday. Negotiations continue over the specifics of those incentives, he said without elaborating or identifying the site's location.
The decision to situate a plant in Arizona came after White House officials warned about the threat inherent in having much of the world's electronics made outside of the US. TSMC had negotiated a deal with the administration to create American jobs and produce sensitive components domestically for national security reasons. It announced the project just before Washington levelled new restrictions on the sale of chips to Huawei, seeking to contain one of TSMC's largest customers.
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