ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Taiwan looks to boost its chipmakers with sweeter tax breaks

TSMC and others stand to gain from credits for R&D and capital spending

Taiwan Semiconductor Manufacturing Co., the world's top contract chipmaker, is expected to benefit from the incentives.   © Reuters

TAIPEI -- Taiwan's executive branch approved draft legislation Thursday to add and increase tax credits for semiconductor and other high-tech manufacturing, looking to further widen the sizable lead enjoyed by the island's chipmakers.

A credit for research and development would rise to 25% of such spending from the current 15%, while a 5% credit would be introduced for capital investment. They would apply to cutting-edge research and advanced equipment.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more