(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. urged the U.S. to allow foreign companies to participate in a $52 billion federal program aimed at boosting chip production on American soil.
“Arbitrary favoritism and preferential treatment based on the location of a company’s headquarters is not an effective or efficient use of the grant and ignores the reality of public ownership for most of the leading semiconductor companies,” TSMC said in a response to the U.S. Department of Commerce’s request for information to help the agency plan and implement federal funding for the chip industry.
TSMC added that the U.S. should not try to duplicate the existing supply chain but rather focus on developing advanced technologies to increase its competitiveness. The Taiwanese company also called for reform of the immigration policy so the U.S. can attract foreign talent to help drive innovation.
Samsung echoed TSMC’s comments on incentives for foreign chip firms. It said the U.S. government should ensure all qualifying companies, irrespective of their countries of origin, can compete for U.S. funding “on an even playing field.”
“Arbitrary favoritism and preferential treatment based on the location of a company’s headquarters is not an effective or efficient use of the grant and ignores the reality of public ownership for most of the leading semiconductor companies,” TSMC said in a response to the U.S. Department of Commerce’s request for information to help the agency plan and implement federal funding for the chip industry.
TSMC added that the U.S. should not try to duplicate the existing supply chain but rather focus on developing advanced technologies to increase its competitiveness. The Taiwanese company also called for reform of the immigration policy so the U.S. can attract foreign talent to help drive innovation.
Samsung echoed TSMC’s comments on incentives for foreign chip firms. It said the U.S. government should ensure all qualifying companies, irrespective of their countries of origin, can compete for U.S. funding “on an even playing field.”
TSMC, Samsung Urge U.S. to Allow Them Into $52 Billion Chip Plan
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. urged the U.S. to allow foreign companies to participate in a $52 billion federal program aimed at boosting chip production on American soil. Most Read from BloombergNever Had Covid? You May Hold Key To Beating the...
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