TSMC to Win More Than $5 Billion in Grants for US Chip Plant
The award is not yet finalized, the people said, asking not to be named to discuss confidential conversations. It is also not yet clear whether TSMC will tap the loans and guarantees also on offer from the 2022 Chips and Science Act.
TSMC and other leading-edge chipmakers are engaged in negotiations with the Commerce Department over a pool of about $28 billion in grants targeted for advanced factories. TSMC, Intel Corp., Micron Technology Inc. and Samsung Electronics Co. are all slated to receive multi-billion dollar awards from that pool, the people said, but the topline numbers for each continue to fluctuate.
TSMC said in a statement that it “has been making steady progress in productive ongoing discussions with the US government on incentive funding.” The Commerce Department and White House declined to comment.
In a bid to boost its own award, South Korea’s Samsung has floated additional US investment on top of the $17 billion they plan spend on a new Texas factory, according to other people familiar with those talks, who also asked not to be identified because the discussions are private. Samsung didn’t respond to a request for comment. $Taiwan Semiconductor(TSM.US$ $Micron Technology(MU.US$ $Intel(INTC.US$
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101823892_antony : not true expect to move down today after market open
Money Thrill : I read in news Nasdaq that there are negotiations because of fear from invasion from China to Taiwan