Get the latest tech news
TSMC to Receive $6.6B Under US CHIPS Act, Set to Build 2nm Fab in Arizona
y Anton Shilov on April 8, 2024 4:30 PM EST - Posted in - Semiconductors - TSMC - 5nm - 3nm - 4nm - 2nm - N2 - N3 - N4 - CHIPS & Science Act TSMC has entered into a preliminary agreement with the U.S. Department of Commerce, securing up to $6.6 billion in direct funding and access to up to $5 billion in loans under the CHIPS and Science Act.
This move not only signifies the largest foreign direct investment in Arizona but also marks one of the biggest support packages that the U.S. government plans to make under the CHIPS Act, second only to Intel's $8.5 billion award last month. “Today’s announcement highlights the strong commitment from Secretary Raimondo and the entire administration to ensure the U.S. plays a central role creating a more geographically diverse and resilient semiconductor supply chain,” said AMD Chair and CEO Lisa Su. “TSMC has a long track record of providing the leading-edge manufacturing capabilities that have enabled AMD to focus on what we do best, designing high-performance chips that change the world.
Or read this on AnandTech