TSMC gets $6.6 billion in CHIPS Act funding for Arizona chipmaking hub
Taiwan Semiconductor Manufacturing Company already has two chipmaking facilities in Arizona and will use some of the money to build a third
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Taiwan Semiconductor Manufacturing Company already has two chipmaking facilities in Arizona and will use some of the money to build a third
The U.S. Department of Commerce has announced $6.6 billion in direct funding to support TSMC's establishment of leading-edge fabs in Phoenix, Arizona.
The subsidy, which will be unveiled by Commerce Department Secretary Gina Raimondo, will go towards construction of four facilities in Taylor, including one $17 billion chipmaking plant that Samsung announced in 2021, another factory, an advanced packaging facility and a research and development center, one of the sources said.
TSMC is the most recent recipient of CHIPS Act funding, with up to $11.6 billion that the company will use for its sites in Arizona.
Japanese officials are hoping TSMC’s arrival will help boost local suppliers’ technology and business.