Back in April, the United States Department of Commerce announced $6.6 billion in direct funding for TSMC under the U.S. CHIPS and Science Act. The subsidy has now been finalized and will include an additional $5 billion in government loans, which will help expand TSMC’s semiconductor production in Phoenix, Arizona. This is the first major binding contract in the CHIPS and Science program following its inception in 2022. TSMC semiconductor manufacturing fab site in Phoenix, Arizona The agreement will see government funds handed out to TSMC on a project milestone basis, with the...
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