TSMC seeks up to $15 billion from US but objects to certain conditions- WSJ – One America News Network

(Reuters) -Taiwan Semiconductor Manufacturing Co Ltd is pushing back on some of the conditions the United States has attached to chip-factory subsidies as it seeks up to $15 billion from the U.S. government, the Wall Street Journal reported on Wednesday.

TSMC, which in December more than tripled its planned investment at its new Arizona plant to $40 billion, is concerned about rules that could require it to share profits from the factories and provide detailed information about operations, WSJ reported, citing people familiar with the matter.

TSMC declined to comment when contacted by Reuters.

(Reporting by Jose Joseph in Bengaluru; Editing by Varun H K and Dhanya Ann Thoppil)