Last year, a chip breakthrough put Huawei on top of the Chinese smartphone market. Now it is rolling out its newest phone, the Mate 70 series.
The Biden administration is reducing its award to the chip maker, partly to account for a multibillion-dollar military contract.
The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.
The proposed funding, part of the CHIPS Act, is intended to stoke chip packaging, a process that helps drive progress in semiconductors but that takes place mostly in Asia.
Taiwan Semiconductor Manufacturing Company plans to build an additional factory and upgrade another planned facility in Phoenix with the federal grants.
Delays in finishing new factories are emerging, just as the Biden administration begins handing out money to stoke domestic production.
In an interview, the chip maker’s chairman, Mark Liu, explained why TSMC’s top tech would stay in Taiwan, despite growing threats from China and worries from the United States.
At 92, Morris Chang, the founder of Taiwan Semiconductor Manufacturing Company, can no longer stay in the shadows.
The Biden administration thinks it can preserve America’s technological primacy by cutting China off from advanced computer chips. Could the plan backfire?
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