DOC Invests $6.6B in TSMC Arizona to Boost Semiconductor Industry

TSMC Arizona, a subsidiary of Taiwan Semiconductor Manufacturing Company, has secured a potential $6.6 billion in direct funding from the U.S. Department of Commerce for the construction of new semiconductor fabrication plants, also known as fabs. The Commerce Department said Friday the investment, awarded under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities, will support TSMC Arizona’s plans of constructing three greenfield fabs in Phoenix, Arizona. The award, first announced after the signing of the preliminary memorandum of terms on April 8, will be part of a $65 billion investment for the three fabs. Investment to Boost Semiconductor SupplyThe post DOC Invests $6.6B in TSMC Arizona to Boost Semiconductor Industry first appeared on Executive Gov.