Apple chipmaker secures government subsidies for $12bn Arizona plant

Taiwan Semiconductor Manufacturing has secured government subsidies for its envisioned $12 billion chip plant in Arizona, moving closer toward finalising a facility designed to allay national security concerns and shift high-tech manufacturing to America. TSMC, the main chipmaker to Apple and Huawei, has picked a site for the future plant and both federal and state governments have agreed to help make up for the higher cost of fabricating semiconductors in the US, chairman Mark Liu told reporters Tuesday. Negotiations continue over the specifics of those incentives, he said without elaborating or identifying the site’s location. The decision to situate a plant in Arizona came after White...