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Semiconductors

Intel slams US subsidies for TSMC in Arizona's clash of chip titans

CEO Gelsinger questions aid for foreign companies as Congress weighs bills

Intel, America's top chip company, has not taken kindly to Washington funding Taiwanese chipmaker TSMC right on Intel's doorstep. (Source photos by Shihoko Nakaoka and Shinya Sawai)

TAIPEI -- "Foreign chipmakers vying for U.S. subsidies will keep their valuable intellectual property on their own shores, ensuring that the most lucrative and cutting-edge manufacturing stays there."

In Politico last month, Intel CEO Pat Gelsinger took aim at Washington's decision to subsidize the $12 billion chip fabrication plant being built by rival Taiwan Semiconductor Manufacturing Co. in Arizona.

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