US “One Big Beautiful Bill Act” offers incentives to chip companies

US “One Big Beautiful Bill Act” offers incentives to chip companies

2025-07-03

The US Senate on July 1 passed the One Big Beautiful Bill Act, or OBBBA. One of the clauses in OBBBA creates incentives for chipmaking companies to invest in the US, by allowing up 35% deductions in investment taxes as long as a new fab breaks ground before 2026. Many US and international companies stand to benefit, but probably not TSMC. The second fab is already in the works and therefore probably could not benefit retroactively. And the third fab is only scheduled to break ground in 2027 at the earliest.

The US Senate on July 1 passed the One Big Beautiful Bill Act, or OBBBA. Once it takes effect, chip companies breaking ground on a new fab before 2026 could enjoy 35% deductions in investment taxes. This figure is not only higher than the 30% rate in the draft bill, but also considerably higher than the current 25%.

Nobunaga Chai
Cloud Express
For Trump’s second term, he gave himself the goal of having at least 25% of the world’s advanced chipmaking output coming from the US. So of course he’d push for domestication of chipmaking in OBBBA.

The bill will greatly benefit chip companies with plans to expand in the US. Some US beneficiaries include Micron Technologies, which recently announced a US$200 billion expansion plan; GlobalFoundries and Intel, as well as South Korea’s Samsung. As for Taiwanese companies, Globalwafers had already announced an additional US$4 billion investment to build a 12-inch wafer manufacturing site in Texas. As soon as OBBBA passed, the company said it will apply for tax cuts. Another Taiwanese company, ASE could also benefit. As for TSMC, it’s not known whether OBBBA could apply retroactively on their second US fab currently under construction; whereas the third US fab is only scheduled to break ground in 2027.

Nobunaga Chai
Cloud Express
The second fab is currently under construction, so it’s a great question whether it’s eligible for the newly introduced tax breaks. As for the third fab, it may only break ground in 2027 at the earliest, so TSMC may not benefit from OBBBA.

OBBBA’s clauses on incentives for chip companies aims to take back chip manufacturing from Asia to the US and, as US President Donald Trump would say, “make America great again.”

For more Taiwan news, tune in:
Mon to Fri at 9:30 pm on Channel 152
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#Trump #MAGA #MadeinAmerica #chips #semiconductors #OBBBA

川普撒"大而美"紅包半導體進補專家憂台積電領不到

2025-07-03

美國參議院通過川普「大而美」法案大紅包！有意投入美國製造的半導體業者，2026年底前動工建新廠，可獲得35%投資稅收抵減，不僅超越草案原訂30%，更高於現行25%。美光、三星、英特爾都有糖吃，台廠環球晶、日月光也可受惠，但專家憂心，台積電二廠已經在興建不見得能回溯，三廠預定2027年動工，恐怕也嘗不到甜頭。

七月第一天，美國參議院通過川普「大而美」法案，半導體業者，如果在2026年之前動工、建新廠，就可獲得35%投資稅收抵減，不僅超越草案原訂30%增幅，甚至遠高於現行25%。

[[雲報政經產業研究院副社長柴煥欣]]
“川普2.0上台時候給自己一個KPI，未來全世界先進製程產能，最起碼要有25%落在美國，所以這次大而美法案當中，他當然要積極推動半導體製造落實在美國。”

川普送的大紅包，將大幅降低半導體業者到美國設廠成本。包含剛宣布要投資2千億美元擴廠的記憶體大廠美光、晶圓代工廠格羅方德、三星、英特爾都將受惠；至於台廠，環球晶日前通過加碼投資40億美元，在德州興建12吋晶圓廠，法案通過後公司立刻表態會提出申請；積極籌備赴美的日月光也有機會領紅包，但專家憂心台積電二廠、三廠，不見得能嚐到甜頭。

[[雲報政經產業研究院副社長柴煥欣]]
“二廠現在正在興建當中，能不能被算進去這次優惠，就變成一個非常關鍵的點，三廠最快2027年(動工)，台積電能不能因此受惠這還是很大的問號。”

川普對半導體廠商遞橄欖枝，試圖扭轉過去數十年產業外移亞洲趨勢，要讓美國再次偉大。

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Hsieh Chin-ho
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Some people say that Trump wants the NTD to appreciate in accordance with the Big Mac Index. There are also people telling me that the NTD may rise to NT$13.3 against the USD.

The NTD’s sharp rise since May took the spotlight at Wealth Magazine’s annual forum. On July 3, it rose by another NT$0.19 and closed at NT$28.828 against the greenback. It’s the first time in three years for it to trade lower than NT$29 per USD.

Hsieh Chin-ho
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The NTD’s appreciation will incur great forex losses. The Central Bank also made it clear that if it’s going to be hands-off, they will completely take their hands off; and if they’re interfering, then they’ll also make it sure they’re interfering. I think when neither seem probable, everyone should be quite worried about forex losses, which will look quite bad in the books.

It’s not only dealing a blow to traditional exporters, even chipmakers and other technology and machinery companies are taking a hit. With projected gross margins slipping downward, it’s now alleged that TSMC is hiring traders to buy corporate bonds and financial debentures to de-risk.

Hsieh Chin-ho
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You may have to spend more to hedge against risks, to hire more professional traders to oversee the company’s financial plan. TSMC is already doing that. I believe many more companies will follow.

Amid the NTD’s sharp rise, TSMC’s projected margins and earnings per share for this year and the next have gone down. If Taiwan’s top chipmaker is preparing for the worst already, other small and medium enterprises cannot sit idle either.

For more Taiwan news, tune in:
Mon to Fri at 9:30 pm on Channel 152
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Mind Set Art Center celebrates 15th anniversary with exhibition

To celebrate its 15th anniversary, the Mind Set Art Center is holding an exhibition. The "Tree of Life" exhibition showcases works of artists who have collaborated with the gallery over the years, symbolizing its growth and resilience. FTV reporter Stephany Yang illustrates this story.

This work is by Marina Cruz, a Filipino contemporary artist. Her work “Reflecting on Plants Clinging on Walls” combines abstract color swatches and collage techniques. The artist transforms a corner of her house long affected by flooding into a beautiful tropical space.

Queena Chu
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Marina Cruz is one of the longest relationships with us. We started working with her 13 years ago. This is the latest painting of hers, depicting her family house which was built by her grandfather. All of the art was surrounded by the family objects. For this special painting, it actually records all the flooded threads. You can see the watermarks, which symbolize the family members in and out. Marina uses a very feminine perspective to record this painting and also respond to the family memories.

Yang Yu-ning is a Taiwanese contemporary artist known for her explorations of psychological landscapes and abstract forms. In this work, the artist depicts two banana trees as a couple of travelers. She utilizes different grey tones to open a dialogue between ink painting, photography, and traditional brushwork in a piece that evokes companionship.

Queena Chu
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This artist is from Taiwan. Her name is Yang Yu-ning. She was born in 1990 so she is a pretty young artist and is quite promising because we think she is quite unique in terms of ink painting. Especially when we talk about contemporary ink. She was a dancer, so for this ink, you can see the rhythms in it. What is a special thing about it is that when she does the ink painting, she will prepare the ink bottles first. It is like a computer printing concept. She would do the draft and she would mark the numbers of the shades of ink, and after she decided, she would start to relax herself and start to paint. That is why you can see the painting behind me is a banana tree, but they act like a human being. They incline to each other so the title of the work is "The Cluster of Travelers. " They are basically like human beings.

To celebrate its 15th anniversary, Mind Set Art Center is holding an exhibition titled "A Tree of Life." The exhibition features the works of fifteen artists from Taiwan, Asia, and Europe, highlighting key moments in their collaboration with the gallery. The works span diverse media—including painting, sculpture, photography, installation and mixed media— as it explores the themes of "plants" and "time." The exhibition not only reflects on the gallery’s growth but also envisions the next fifteen years of the gallery.

Queena Chu
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This special exhibition, "Tree of Life," it came from a really sweet story. As the gallery was founded, our collector friend Dr. Chen planted a tea olive tree in his garden. It was really sprout at that time. People told him that it won’t grow beyond a human being’s height. But right now, after 15 years, it is already 2.5 meters tall. Right now, we wanted to celebrate it with our artists, so we chose 15 artists to title the show "Tree of Life" to reflect our past, and also want to walk a new journey with our artists.

The exhibition will be held at the Mind Set Art Center until Aug. 8.

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Formosan black bears adorn the truck, holding bubble tea in one paw and a protest sign in the other. There’s flags saying "resist the CCP" and "protect Taiwan." This is a convoy that will travel the country to promote the recall elections.

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The videos played on the truck’s LED, an incriminating compilation of some of the actions taken by the KMT and TPP in the legislature over the past year. The vehicle will accompany the convoy to show the clips to the public.

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We won’t miss out on promoting the first recall election. The “protect the nation pilgrimage” is a crucial moment for us in Hsinchu as well. We want everyone in Taiwan, including those in Hsinchu County, to know: this recall is not about fueling hatred — it’s about protecting the nation and defending Taiwan.

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The recall team for New Taipei’s 11th district — Xindian, Shenkeng, Shiding, Pinglin, and Wulai — will be there, and our team will send representatives to join the nationwide convoy.

As the recall elections near, pro-recall campaigners across Taiwan are mobilizing in full force, hoping the nationwide “pilgrimage” will help maximize support and drive up the number of “yes” votes.

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Wearing baseball jerseys are Vice President Hsiao Bi-khim and the AIT Director Raymond Greene, who toast with beer to celebrate the US’ 249th Year of Independence.

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While Taiwan and the US are democracies that enjoy freedom, China remains a totalitarian state.

Hsiao Bi-khim
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Peace is not a given. Taiwan will never seek conflict, but we will not shy away from our responsibility to protect our people and our values, and we are grateful to have the United States as a steadfast partner in maintaining regional stability and deterring aggression.

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Though we have had a few bumps along the way, including complicated dynamics of tariffs. But negotiators from both sides are working diligently and closely to pave a
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