Biden pushed for chip security and the U.S. offered TSMC up to $6.6 billion for Arizona factories
US to award TSMC $6.6B in grants, $5B in loans to step up chip manufacturing in Arizona. TSMC is getting the grant under the CHIPS Act, in the latest step by the U.S. to reshore domestic chip manufacturing.
U.S. offers TSMC up to $6.6 billion for Arizona factories as Biden pushes for chip security. TSMC’s Arizona subsidiary is set to receive up to. $6 billion in government funding under preliminary agreement announced by the Biden administration on Monday.
The US plans to award Taiwan Semiconductor Manufacturing Co. $6.6 billion in grants and as much as $5 billion in loans to help the world’s top chipmaker build factories in Arizona. The move is part of President Joe Biden's effort to boost domestic production of critical technology.
U.S. offers TSMC up to $6.6 billion for Arizona factories as Biden pushes for chip security. TSMC set to receive $6 billion in CHIPS Act funding to support its investment into three manufacturing sites in Arizona. TSMA set to get $6 million in CHIP Act funding for three manufacturing facilities in the state.