TSMC is reportedly skeptical about certain conditions that the US has attached in its multi billion dollar incentive package. The company aims to receive the sizeable incentive but it wants to get it with some changes on these conditions.

For those unaware, the Taiwan Semiconductor Manufacturing Company is the world’s largest contract chipmaker and is seeking to establish an advancing semiconductor production line in the US. This move arrives as the US aims to offer subsidies to chipmakers for setting up their chip production facilities in the region. But while there is a whopping 15 billion US Dollars subsidies, the semiconductor giant is worried about the conditions that come with this incentive.

The company has already tripled its planned investment into its new Arizona plant, which is now hit the 40 billion US Dollar mark. But, it is concerned regarding certain conditions, which are related to the profit share from its operations within the US. The incentive being offered to TSMC requires the company to share profits from the factories. Sources close to the matter added that the rules also require it to provide detailed information regarding its operations as well.

Unfortunately, the chipmaker has yet to respond to any comments regarding this matter. Based on what we know so far, the company’s Arizona plant will be responsible in producing advanced 3nm process based chips. TSMC also claimed that this site would be capable of making 20,000 wafers every month. So sticka round for more updates regarding this matter.

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Earlier this week, MediaTek announced that it would be offering incentive bonuses worth 1.7 billion New Taiwan Dollars (roughly 59 million US Dollars) to its various employees after the company recorded a surge in sales of its smartphones chips last year.

According to a TaiPei Times report, the chipmaker is giving large bonuses to its employees, which also includes those that work in the company’s major subsidiaries as well. Notably, this announcement marks the biggest incentive bonus that MediaTek has ever distributed in its 23 year long history. At the moment, the company employs around 17,000 people working under it and its five subsidiaries, including Richtek Technology Corp and Airoha Technology Corp.

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The employees working under these firms will receive a “red envelope,” with each letter giving out 100,000 New Taiwan Dollars (roughly 3,580 US Dollars), as per the company’s official announcement. This move from the company arrives after its revenue hit 10 billion US Dollars back in 2020. The company also stated that “Surpassing 10 billion US Dollars is just the beginning. We will continue to [grow] on this basis.”

Currently, MediaTek has about 10,000 employees, among which it is allocating 20 percent of its annual distributable earnings for local employees in the form of end bonuses. With 5G enabled smartphones becoming more popular, the company has seen a bump in sales, especially within the affordable handset segments with its Dimensity series of 5G chips. Chinese companies like Oppo, Vivo, Realme, and others are a few of its major customers that ship their devices with 5G chips from MediaTek.

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In order to boost domestic smartphone production, the Indian government has approved an incentive plan for 16 companies, which includes the likes of Foxconn, Wistron, and Pegatron, among others.

With this new incentive scheme worth $6.65 billion, India is hoping to become one of the export and manufacturing hubs for smartphones. This is a part of the country’s “Make in India” initiative that aims to promote domestic manufacturing.

The scheme offers a production-linked incentive involving cash worth 4 percent to 6 percent of additional sales of goods made locally over five years, and it is considering 2019-2020 as the base year.

As per the report, to be able to tap into the scheme, the companies need to make an investment. Interestingly, the Indian government has not disclosed what investment Foxconn, Wistron, and Pegatron have made.

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However, Reuters reports, citing two people aware of the development, that all three companies are planning to invest around $900 million in total over the course of the next five years to get benefits of the incentive scheme.

Apart from these three companies — Foxconn, Wistron, and Pegatron, which are contract manufacturers of Apple, South Korean giant Samsung has also got approval. Notably, Samsung operates the world’s biggest smartphone manufacturing plant in India.

It is also confirmed that five Indian companies, including Micromax and Lava, has received approval. According to the statement from India’s tech ministry, the approved companies are expected to produce smartphones and components of more than 10.5 trillion rupees, which is approximately $143.05 billion.

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