According to Nikkei, Taiwan Semiconductor Manufacturing Co (TSMC) President Mark Liu said on December 3 that not providing support to foreign chipmakers in a planned subsidy program would have an “adverse” impact on the country’s economy. US chip industry.
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| TSMC President Mark Liu says more investment in the US chip industry is good for all parties
screenshot Nikkei / Shinya Sawai and Cheng Ting-Fang |
Liu said that the $52 billion spending package that Washington is preparing to promote the semiconductor industry under the CHIPS Act should be used to support both foreign companies and American chipmakers.
“If the US CHIPS act only applies to companies based in the country, it will be detrimental to efforts to restore the US chip supply chain. With the exception of Intel, I believe most of our peers are open to and welcome all investments in the US,” Liu told reporters.
The president of the world’s largest contract semiconductor maker is pleased to see South Korea’s Samsung Electronics announce plans to invest in Texas, as that move will help the US build up its chip industry. “I think this is positive. It proves our decision to invest in the US two years ago was right.”
Liu’s comments came a day after Intel CEO Pat Gelsinger urged Washington to prioritize domestic companies over foreign chipmakers such as Samsung and TSMC. The two leading chipmakers in Asia are investing $17 billion and $12 billion, respectively, to build new advanced chip factories in the United States.
Increased pressure from industry players is forcing the US to act more quickly. According to Nikkei, 60 executives from global chip, auto, healthcare and telecommunications companies sent a joint letter on December 1 urging US lawmakers to pass the CHIPS Act, a law aimed at creating created useful incentives for semiconductor manufacturing, and enhanced the FABS Act, the US-built semiconductor facilitation act.
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The United States proposed the two bills this year to bolster its semiconductor supply chain, after an unprecedented global chip crisis hit a range of industries from smartphones to computers. individual. The ongoing US-China trade tensions also add to the sense of urgency. According to a report by SIA and Boston Consulting Group, the US is concerned about losing its advantage in semiconductor manufacturing, as the share of the country’s global chip production capacity has fallen from 37% in 1990 to 37% in 1990. twelfth%.
Other major economies including China, Japan and the European Union (EU) are racing to restore chip supply chain resilience amid national security concerns. Many companies including Intel, TSMC, Samsung, GlobalFoundries and Texas Instruments have announced plans for new factories in the US since the $52 billion CHIPS Act was first announced.
According to Liu, tax incentives for technology companies to invest in factories in the US are necessary for the development of the semiconductor industry of the world’s largest economy. “The cost of labor in the US is very high. This cost will gradually decrease as more and more companies are involved in building up the US chip industry. But in the beginning, the industry needed help.”
TSMC is currently in close contact with US state and city governments to help their smaller suppliers invest there, as TSMC needs additional help initially to build up its operations and production. yourself in this country.
“The American industrial environment was very new to them. So far our ecosystem partners are on the right track with their plans to buy land and build factories in the US,” Liu said, adding that the US government has been strongly supporting TSMC. with company suppliers in processing work visas.
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