TSMC gets $6.6 billion in federal funding for third Phoenix chip fab
(The Center Square) – Taiwan Semiconductor Manufacturing Company continues to expand its endeavors in the desert.
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(The Center Square) – Taiwan Semiconductor Manufacturing Company continues to expand its endeavors in the desert.
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 to bring more manufacturing to the U.S., but unspoken in the fanfare around today’s announcement is the potential escalation of tensions with China.
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