TSMC talking to US about CHIPS Act ‘guidance’ amid subsidy concerns

Taiwanese chipmaker TSMC said on Monday it is communicating with Washington about its “guidance” for a law designed to boost U.S. semiconductor manufacturing that has sparked concerns about subsidy criteria.

Conditions for subsidies include sharing excess profit with the U.S. government, and industry sources have said the application process itself could expose confidential corporate strategy.

“We can confirm that we are communicating with the U.S. government about the CHIPS ACT guidance,” TSMC, the world’s leading contract chipmaker, said in a short emailed statement.