US Democrats Demand Trump Administration Disclose TSMC Factory Negotiation Details

[Image source=EPA Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] U.S. Democratic lawmakers have urged the Trump administration to disclose the details of negotiations related to the $12 billion (approximately 14.5 trillion KRW) factory construction by Taiwan's TSMC, the world's leading semiconductor foundry.

According to CNBC on the 19th (local time), Democratic senators demanded the U.S. government reveal detailed negotiation contents regarding the incentives provided for TSMC's announced plan last week to build a factory in Arizona.

Democratic senators, including Senate Majority Leader Chuck Schumer, stated in a letter sent to the Department of Commerce and the Department of Defense, "We strongly support large-scale investment attraction," but pointed out, "There are serious questions about whether this project considers national security requirements and aligns with the strategy to establish a diversified semiconductor manufacturing supply chain in the U.S."

They further demanded, "We request that the administration halt any related negotiations or discussions until it reports to Congress on funding support, tax incentives, and permits-related incentives."

The Departments of Commerce and Defense did not respond to this request.

Meanwhile, TSMC announced on the 14th (local time) its plan to build a factory in the U.S. The factory will produce 5-nanometer semiconductors, which represent the highest level of semiconductor technology, and will be constructed in Arizona. The plan is to begin construction in 2021 and start production in 2024.

This content was produced with the assistance of AI translation services.