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Benzinga
Benzinga
Business
Anusuya Lahiri

Taiwan Semiconductor Faces New Challenge As US Mulls Equity Stake Tied To CHIPS Act Subsidies

Taiwan Semiconductor MU Semiconductor Taiwan United States TSM Taiwan Semiconductor Manufacturing Co Howard Lutnick Washington D.C.
Tainan,,Taiwan-,September,30,,2021:,Taiwan,Semiconductor,Manufacturing,Company,(tsmc)

Semiconductor giant Taiwan Semiconductor Manufacturing Co (NYSE:TSM) faces a new challenge as U.S. officials explore taking equity stakes in chipmakers receiving CHIPS Act support, a strategy that Taiwan’s economic minister described Thursday as needing additional scrutiny before approval.

Taiwan’s Minister of Economic Affairs Minister J.W. Kuo confirmed Washington may seek ownership stakes in the chipmaker under the $52.7 billion CHIPS Act, a proposal that sparked debate over its impact on the firm.

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