TSMC considers returning US subsidies so that they do not enter its shareholding

TSMC has been one of the beneficiaries of the CHIPS incentive program with which the US sought to bring the manufacturing of these key components for technological development closer to its territory.

However, the latest moves by Donald Trump’s government seem to be making the company consider returning the subsidies received.

To understand this approach we have to talk about the delicate situation that Intel is going through, in low times with a loss in its stock market value of more than 50% in recent years. The company has been one of the great beneficiaries of the US subsidy program, but it seems that they have not served, at least for now, to raise its head.

That is where Donald Trump’s government comes in, showing its interest in acquiring 10% of Intel shares in order to affect the company’s decision-making. The problem is that the histrionic president would want to pay for these actions with the subsidies that the microchip manufacturing company has already received.

TSMC prefers to return $6.6 billion before the US government becomes a shareholder

This has set off alarm bells at TSMC, which fears that the US will claim part of its shares after having received subsidies from the same CHIPS program as Intel, attempting a kind of “nationalization” of the Taiwanese company.

Therefore, the company would be willing to return the 6.6 billion dollars that it would have received in subsidies to move away from Trump’s intentions. Let us remember that TSMC is a key company in Taiwan’s industry, and its Government does not allow it to manufacture the most advanced nodes outside its borders.

On the other hand, representatives of the US government assure that they are not seeking to acquire shares of TSMC or any other company that has received subsidies. Separating these cases from the case of Intel, a key American company in its development.