Taiwan unveils 25% tax break for R&D, 5% tax break for local manufacturing.
Taiwan Approves Major Tax Breaks for High-Tech R&D, Manufacturing : Read more
Taiwan Approves Major Tax Breaks for High-Tech R&D, Manufacturing : Read more
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Because this is a national security issue. When F-35 production gets into trouble because there are chip delays with TSMC, one has to ask what kind of crazy security risk it is to outsource everything to a tiny island on one of the most seismically active regions in the world.
Taiwan needs these incentives to compete with China's ambition to take it all mainland.
Semiconductor fabs can also be referred to as foundries. For example:Quoting the article: "When Morris Chang founded TSMC in 1987, he got $100 million from the Taiwanese government in exchange for a 49% stake. Other foundries that followed Chang's steps ...."
Huh? "other foundries..."? What's that about? Foundries make metal castings - this is about semi-conductors. I don't get it.