Washington in talks with chipmakers about building U.S. factories: WSJ

spike

FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan August 31, 2018. REUTERS/Tyrone Siu/File Photo

(Reuters) – U.S. President Donald Trump’s administration is in talks with semiconductor companies about building chip factories in the United States, the Wall Street Journal reported on Sunday.

The Trump administration has held talks with Intel Corp and Taiwan Semiconductor Manufacturing Co (TSMC), the newspaper reported, citing sources and a correspondence viewed by the Journal.

TSMC has been talking with the U.S. Commerce and Defense departments and with Apple Inc, one of its largest customers, about building a chip factory in the United States, the report added.

Certain U.S. officials are also looking at helping South Korea’s Samsung Electronics Co, which has a chip factory in Austin, Texas, to expand its contract-manufacturing operations in the United States, the Journal reported.

It did not give details of any incentives that may be on offer to chipmakers.

TSMC, Apple, Intel and Samsung Electronics were not immediately available for comment on Sunday.

Reporting by Kanishka Singh in Bengaluru; Editing by Susan Fenton

Source Article

Next Post

American companies spent years in an economic boom. Then the coronavirus hit.

A man walks past a store going out of business on May 5, 2020 in the Brooklyn borough in New York City. Angela Weiss | AFP | Getty Images The U.S. economy was slowing last year, but many companies entered 2020 with reasons to be optimistic and expansion plans to […]