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U.S. offers TSMC up to $6.6 billion for Arizona factories as Biden pushes for chip security - TL;DR CNBC

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.


Sentiment: POSITIVE

Tickers: AMD2330-TWTSMGFSINTCAAPLBA.-GBMCHP

Keywords: microchip technology incintel corptechnologybusiness newsbae systems plcbreaking news: politicspoliticsphoenixadvanced micro devices incarizonataiwan semiconductor manufacturing co ltdbreaking news: technologybusiness

Source: https://www.cnbc.com/2024/04/08/tsmc-set-to-receive-up-to-6point6-billion-in-funding-for-arizona-plants-.html


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