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US to award TSMC $6.6B in grants, $5B in loans to step up chip manufacturing in Arizona
TSMC is getting the grant under the CHIPS Act, in the latest step by the U.S. to reshore domestic chip manufacturing.
This grant, pegged for the company’s U.S. subsidiary, TSMC Arizona, is the latest step by the U.S. to strengthen its domestic supply of semiconductors as it seeks to reshore manufacturing of chips amid escalating geopolitical tensions between the U.S. and China. With the new investment, Taiwan-based TSMC, which is the world’s largest producer of semiconductors, is broadening its plans for its fabrication plants in Arizona. Intel could receive approximately $20 billion in grants and loans from the CHIPS and Science Act for its semiconductor manufacturing.
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