Samsung and TSMC urge the US to allow participation in $52 billion federal program

According to a recent report, Samsung and TSMC, the world’s two largest semiconductor manufacturers, want to benefit from this multibillion-dollar government subsidy. However, Intel reportedly suggested that the Biden administration should not transfer U.S. taxpayer money to foreign companies.

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According to the report, the U.S. government is preparing a $ 52 billion federal program to help manufacture semiconductor chips in the country. The show is currently in the final stages of finalization, but there is already some tension about it.

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The TSMC also urged the US government to improve its immigration policy. It will attract more foreign talent to the country and encourage innovation. The Taiwanese company believes that instead of reflecting the current supply chain, the Biden government should focus on developing advanced technologies to increase competitiveness.

All major semiconductor manufacturers have begun work to increase their production capacity in the US. TSMC is building a $ 12 billion factory in Arizona, while Samsung has chosen Texas for a $ 17 billion chip factory. Meanwhile, Intel announced a $ 20 billion investment in chip hubs in Ohio and two new manufacturing facilities in Arizona.

Biden executives have now come up with another lucrative project to strengthen home appliances, $ 52 billion is a huge profit. Not surprisingly, foreign companies such as Samsung and TSMC have been lured to get a portion of this money. But home companies like Intel are not happy about that.

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