TSMC may not expand in US if double taxation rule continues

As Apple's major chip manufacturer TSMC nears the opening of its Arizona plant, US officials want it to build more — but US versus China politics are complicating matters.Taiwanese company TSMC has already invested $40 billion in its new Arizona factory, which it says will open in 2024. But since the US does not have a income tax agreement with Taiwan, TSMC faces double taxation on its profits from this or any other factory it could build in the States.

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