U.S. offers TSMC up to $6.6 billion for Arizona factories as Biden pushes for chip security
Publishing timestamp: 2024-04-08 09:26:57
Summary
TSMC's Arizona subsidiary is set to receive up to $6.6 billion in U.S. government funding under the CHIPS Act to support their investment in three cutting-edge fabrication plants in Arizona. This aligns with the semiconductor priorities of the Biden administration and aims to boost the U.S. domestic semiconductor industry.
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