The United States Department of Commerce Monday proposed investing as much as $ 6.6 billion to fund a third Taiwan Semiconductor Manufacturing Company Limited (TSMC) fab in Arizona. The funding would arrive by way of the CHIPS and Science Act, in a bid to foster more domestic semiconductor production. The move represents a broader push […]
US to award TSMC $6.6B in grants, $5B in loans to step up chip manufacturing in Arizona
The U.S. Commerce Department said on Monday that it has signed an agreement to award Taiwan Semiconductor Manufacturing (TSMC) $ 6.6 billion in direct funding under the CHIPS and Science Act to set up semiconductor factories in Phoenix, Arizona, and provide up to $ 5 billion in loans. This grant, pegged for the company’s U.S. […]