Facing weak chip sales, TSMC asks US for guidance on CHIPS Act funds

 Facing a sharp drop in revenue, Taiwanese semiconductor giant TSMC is seeking assurances from the US about subsidies it will receive when it builds its new $40 billion manufacturing facilities in Arizona.

TSMC’s US investments are part of the chipmaker’s strategic move to expand beyond Taiwan, due to the country’s own political tensions with China, as well as the onoing US chip trade war with China, which is putting companies globally in the crosshairs.

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Source:: Computerworld