“Win big” with a $ 12 billion project, President Trump is still questioned

TSMC is known as the world’s largest contract-based IC manufacturer. The company specializes in manufacturing processors for everything from iPhone (Apple) mobile phones, laptops, game consoles to servers and important internet infrastructure. Most of TMSC’s factories are located in Taiwan.

After TSMC announced plans to build a plant in the US last week, Treasury Secretary Wilbur Ross hailed it as a sign of ” a revival in the US manufacturing industry ” promoted by President Trump.

In a letter to Ross and Defense Secretary Mark Esper on May 19, Democratic Sen. Chuck Schumer and two colleagues said they “strongly support” the government’s efforts to build Constructing semiconductor factories in the US.

However, Mr. Schumer suggested the government to be more transparent about the plan and asked Mr. Trump to consider ” companies with significant presence in the US “, such as Micron, GlobalFoundries and Cree.

Logo of Taiwan semiconductor manufacturing company TSMC. Photo: Reuters

” We have serious questions about how this project looks at national security requirements and how it fits into a broader strategy to build a semiconductor manufacturing supply chain. diversity of America “- quoted from Mr. Schumer’s letter.

” We recommend that you stop any negotiations or discussions until you notify the relevant authorities and the appropriate commission of the plan, including any commitments you make to grants, tax breaks, licenses, or other incentives, “they added.

TSMC, a key supplier to China’s telecom giant Huawei, has put itself in the middle of a global tech war between Washington and Beijing.

The Taiwanese company is likely to be affected by a new U.S. regulation to limit global chip supplies to Huawei, which was blacklisted in 2019 for national security reasons.