Samsung and TSMC applied for inclusion in the United States’ $52 billion grant program yesterday. Both companies urged the US to “do not exclude non-US based companies”.
The United States had announced a major program to encourage local chip manufacturing in the country. The program, which will increase chip production on American soil, had a total budget of 52 billion dollars. This budget would provide financial support to companies included in the program. While local manufacturers such as Intel in the USA are included in this program, not based in the USA some of the world’s giants they were out of the program.
Two of these giants were Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung. According to the news shared by Bloomberg, the giant duo went to the USA. Entering this $52 billion program and To produce more chips on American soil has applied. Both companies made similar statements, explaining why the USA should include themselves and other companies in this program.
“If we are not, the grant will not be used effectively”
TSMC, in a statement submitted to the US Department of Commerce, “Arbitrary favoritism and preferential treatment based on the location of a company’s headquarters is not the effective or efficient use of the grant and ignores the fact of public ownership for most of the leading semiconductor companies.” he said. However, he stated that the United States should not copy the existing supply chain, but instead focus on developing advanced technologies to increase competition, and suggested reforming immigration policy.
Samsung also repeated TSMC’s statement to foreign chip manufacturers. The company is authorized by the U.S. government for U.S. financing of all qualifying companies, regardless of their country of origin.on an even playing field“It needs to ensure that they can compete,” he said.
Although these two companies are not currently included in the program, they continue to invest in US soil. TSMC is currently 12 billion dollars While Samsung was building a huge factory, 17 billion dollars is building another facility. On the other hand, US-based Intel has two facilities and one in two different locations in its own country. $20 billion is building a chip manufacturing center.
Source :
https://www.androidheadlines.com/2022/03/samsung-tsmc-52-billion-dollars-us-chip-program.html