economy ministry

The United States has sent officials to Taiwan to listen to concerns in the chip industry about the criteria for new US semiconductor subsidies, Taiwan Economy Minister Wang Mei-hua said. The criteria are worrying companies like Samsung Electronics Co Ltd and SK Hynix Inc, South Korean President Yoon Suk Yeol said on Thursday, a concern shared by the world's leading contract chipmaker in Taiwan, TSMC. Conditions include sharing excess profit with the US government, and industry sources have said the application process…

Taiwan's government proposed larger tax breaks for technology companies' research and development efforts as it seeks to provide further support for the crucial semiconductor industry and stay competitive internationally. The proposal comes in an amendment to a statute on industrial innovation put forward by the economy ministry, raising the corporate income tax break to 25% from 15%. The amendment requires parliamentary approval to be passed into law. The economy ministry said it's imperative for Taiwan to remain…

Taiwan's GlobalWafers Co., Ltd. will spend $5 billion on a new plant in Texas to make silicon wafers used in semiconductors, switching to the United States after a failed European investment. The company said that the new plant, manufacturing 300-milimetre silicon wafers, would start being built later this year and generate as many as 1,500 jobs in Sherman, Texas. "With the global chips shortage and ongoing geopolitical concerns, GlobalWafers is taking this opportunity to address the United States semiconductor supply…