U.S. offers TSMC up to $6.6 billion for Arizona factories as Biden pushes for chip security
CNBC - 2024-04-08T09:00:01.000Z

TSMC is set to receive up to $6.6 billion in CHIPS Act funding to support its investment into three manufacturing sites in Arizona.

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U.S. Offers $6.6 Billion Fund to Taiwan Semiconductor Manufacturing Company for Arizona Chip Plant Expansion
In addition to the proposed amount, the CHIPS Program Office will also provide $5 billion in low-cost loans, a statement by US Department of Commerce said.
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- 2024-04-09T11:02:32.000Z
$6.6 billion TSMC deal in Arizona the latest in the CHIPS Act’s rollout
The CHIPS Act was designed to restart the semiconductor industry in the U.S. And the investment in TSMC and elsewhere seems to be helping.
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- 2024-04-09T14:31:35.000Z
TSMC snags $6.6 billion in CHIPS Act funding to open three factories in Arizona
President Biden’s CHIPS Act money continues to get doled out to semiconductor manufacturers. The White House just announced that the Taiwan Semiconductor Manufacturing Company (TSMC) is receiving $6.6 billion in grants to build three fabrication plants, otherwise called fabs, in the region of Phoenix, Arizona. This is in addition to around $5 billion in government loans. As part of this deal, TSMC agreed to expand its planned investment in Arizona by $25 billion, to $65 billion. The company...
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- 2024-04-08T16:59:45.000Z