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TSMC gets $6.6 billion in chipmaking cash from Biden while pledging to build a third Arizona plant
The Biden administration said Monday it plans to send $6.6 billion in grants to the Taiwan Semiconductor Manufacturing Company, while the chipmaking giant said it would expand its footprint in Arizona.
President Joe Biden shakes hands with Taiwan Semiconductor Manufacturing Company Chairman Mark Liu during a tour of the TSMC facility under construction in Phoenix in Dec. 2022. It's an effort that has also been marked by struggles to ensure that enough Americans will be trained for the coming positions; TSMC recently announced a delay in their first US plant's full-scale launch from 2024 to 2025 and cited worker shortages as a reason. Apple CEO Tim Cook listens as President Joe Biden deliver remarks at a TSMC Semiconductor Manufacturing Facility in Phoenix in December 2022.
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