Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) received about NT$147 billion (US$4.71 billion) in subsidies from the US, Japanese, German and Chinese governments over the past two years for its global expansion.
Financial data compiled by the world’s largest contract chipmaker showed the company secured NT$4.77 billion in subsidies from the governments in the third quarter, bringing the total for the first three quarters of the year to about NT$71.9 billion.
Along with the NT$75.16 billion in financial aid TSMC received last year, the chipmaker obtained NT$147 billion in subsidies in almost two years, the data showed.
Photo: Bloomberg
The subsidies received by its subsidiaries — TSMC Arizona Corp in the US; European Semiconductor Manufacturing Co in Dresden, Germany; Japan Advanced Semiconductor Manufacturing Inc in Kumamoto Prefecture; and TSMC Nanjing Co in China’s Jiangsu Province — were largely used for purchasing property, facilities and equipment, TSMC said.
In addition, the funds were also allocated to operating costs and expenses associated with the overseas production sites, the company said.
Under the agreements the four subsidiaries signed with local governments, TSMC must follow the schedules set to complete the construction and observe other terms in its investments, it said.
In Arizona, TSMC is also eligible to apply for aid, representing 25 percent of certain investments in the US state.
TSMC is investing US$65 billion to build three advanced fabs in Arizona, with mass production of the first started in the fourth quarter of last year. The company has pledged to invest an additional US$100 billion in the US state to build three more fabs, two chip packaging plants and one research and development center.
In Kumamoto, TSMC’s first fab began commercial production at the end of last year, and construction of the second is under way. In Dresden, the chipmaker is also building a chip plant, with its mass-production timeline depending on customer demand and market conditions.
In Nanjing, TSMC runs a 12-inch wafer fab, which put the mature 28-nanometer process into production in 2022.
KEEPING UP: The acquisition of a cleanroom in Taiwan would enable Micron to increase production in a market where demand continues to outpace supply, a Micron official said Micron Technology Inc has signed a letter of intent to buy a fabrication site in Taiwan from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion to expand its production of memory chips. Micron would take control of the P5 site in Miaoli County’s Tongluo Township (銅鑼) and plans to ramp up DRAM production in phases after the transaction closes in the second quarter, the company said in a statement on Saturday. The acquisition includes an existing 12 inch fab cleanroom of 27,871m2 and would further position Micron to address growing global demand for memory solutions, the company said. Micron expects the transaction to
Vincent Wei led fellow Singaporean farmers around an empty Malaysian plot, laying out plans for a greenhouse and rows of leafy vegetables. What he pitched was not just space for crops, but a lifeline for growers struggling to make ends meet in a city-state with high prices and little vacant land. The future agriculture hub is part of a joint special economic zone launched last year by the two neighbors, expected to cost US$123 million and produce 10,000 tonnes of fresh produce annually. It is attracting Singaporean farmers with promises of cheaper land, labor and energy just over the border.
US actor Matthew McConaughey has filed recordings of his image and voice with US patent authorities to protect them from unauthorized usage by artificial intelligence (AI) platforms, a representative said earlier this week. Several video clips and audio recordings were registered by the commercial arm of the Just Keep Livin’ Foundation, a non-profit created by the Oscar-winning actor and his wife, Camila, according to the US Patent and Trademark Office database. Many artists are increasingly concerned about the uncontrolled use of their image via generative AI since the rollout of ChatGPT and other AI-powered tools. Several US states have adopted
A proposed billionaires’ tax in California has ignited a political uproar in Silicon Valley, with tech titans threatening to leave the state while California Governor Gavin Newsom of the Democratic Party maneuvers to defeat a levy that he fears would lead to an exodus of wealth. A technology mecca, California has more billionaires than any other US state — a few hundred, by some estimates. About half its personal income tax revenue, a financial backbone in the nearly US$350 billion budget, comes from the top 1 percent of earners. A large healthcare union is attempting to place a proposal before
RSS