TSMC has been the recipient of several U.S. government grants under the CHIPS and Science Act, with the latest one valued at $6.6 billion beingfinalizedback in November. The goal of the CHIPS and Science Act is to help bolster U.S. chip manufacturing while generating local jobs. TSMC’s ...
Intel chief executive Pat Gelsinger is attempting to put the Silicon Valley company back on the leading edge of global chipmaking. After the US government in March approved Chips Act funding that will total almost $20bn in grants and loans, Intel is investing heavily in an attempt to...
In addition to providing employees of overseas subsidiaries with a locally competitive base salary, the Company grants short-term and long-term bonuses as part of total compensation. The performance bonus is a short- term incentive and is granted in line with local regulations, market practices ...
He also added that TSMC was “not afraid” of Trump potentially scrapping the subsidies from the Chips Act, stressing that the company’s decision to invest in the US was driven by customer needs. TSMC was awarded $6.5 billion in grants for its first three plants in Arizona under the bip...