TSMC talking to US about CHIPS Act 'guidance' amid subsidy concerns

FILE PHOTO: A smartphone with a displayed TSMC (Taiwan Semiconductor Manufacturing Company) logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

TAIPEI (Reuters) -Taiwanese chipmaker TSMC said on Monday it is communicating with Washington about its "guidance" for a law designed to boost U.S. semiconductor manufacturing that has sparked concerns about subsidy criteria.

Conditions for subsidies include sharing excess profit with the U.S. government, and industry sources have said the application process itself could expose confidential corporate strategy.