TSMC receives NT$47.5bn from China and JapanSKY-HIGH DEMAND: Many countries are looking forward to attract TSMC investment, as the firm plans to open new fabs in the US, Japan, China and Germany Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, received NT$47.55 billion (US$1.51 billion) in subsidies from China and Japan last year for investing in those countries, company data showed. The subsidies were sharply higher than in 2022, when they totaled about NT$7.5 billion, reflecting that many countries covet TSMC’s technology and are eager to attract the firm. The subsidies last year were handed out to support the expansion or building of new facilities in Nanjing, China, and Kumamoto, Japan. They were also used to finance land and equipment purchases, and to fund day-to-day operations. TSMC opened a plant in Kumamoto

Source: Taipei Times March 15, 2024 00:54 UTC