Jan 31, 2021 09:44 EST
Chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has agreed to manufacture automobile processors at an expedited rate. TSMC s decision comes after governments in several continents requested the Taiwanese authorities to ask the chipmaker to increase this production - as a global shortage of the products start to emerge as a thorn in the side of the economic recovery of many countries that house automobile manufacturers affected by this shortage.
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Following the request, Taiwan s Minister of Economic Affairs Ms. Mei-Hua Wang convened a meeting that involved representatives from Germany, TSMC and other semiconductor companies and the dean of Taiwan s Economic Research Institute to discuss the shortage and how Germany and other countries could help Taiwan in return for providing the aforementioned chips.
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AFP
The ruling Chinese Communist Party (CCP) has announced a slew of tax breaks for semiconductor makers, in an apparent bid to lure investors from around the world, a campaign that experts said reflects China s vulnerability to tightening U.S. export controls on technology exports to China.
The package of tax incentives applies to companies that have 15 years or more of experience, and which have the know-how to produce advanced chips of 28-nanometers or smaller, the state-run
China Daily newspaper reported.
Such companies will be exempt from paying corporate income tax for up to 10 years, the paper reported on Dec. 19.