Morgan Stanley: TSMC's U.S. fab could receive $1-2 billion in subsidies

On August 8, U.S. President Biden formally signed the "CHIPS and Science Act of 2022", which includes more than $52 billion in funding for U.S. companies that produce computer chips, as well as incentives to invest in semiconductors. billions of dollars in tax credits for manufacturing. It also provides tens of billions of dollars to fund scientific research and development and stimulate innovation and development in other U.S. technologies.

According to Taiwanese media "Liberty Times", a survey by Morgan Stanley and equipment suppliers shows that TSMC's US wafer fab may receive about $1-2 billion in subsidies from the above-mentioned bill. Morgan Stanley estimates that this is about 120 percent of TSMC's Arizona factory. 10-15% of $100 million in capex.

It is reported that TSMC's new 5-nanometer plant in Arizona, USA, has been put into operation at the end of July. However, due to the vast land area of TSMC's Arizona plant, covering an area of about 445 hectares, it has been reported many times before that TSMC will expand its investment plan in Arizona and is expected to build 6 fabs.