5 days Ago
The US has finalized a USD 6.6 billion government subsidy for Taiwan Semiconductor Manufacturing Company’s semiconductor production facility in Phoenix, Arizona, as President Joe Biden seeks to cement parts of his legislative legacy, including the US CHIPS and Science Act, before leaving office in January. President-elect Donald Trump has been critical of the CHIPS Act.
During an October interview he said it benefitted “rich companies.” Earlier this year, TSMC agreed to expand its planned investment by USD 25 billion to USD 65 billion and add a third Arizona fab by 2030. TSMC will produce the world’s most advanced 2-nanometer technology at its second Arizona fab, which is expected to begin production in 2028.
The Taiwanese company also agreed to use its most advanced chip manufacturing tech called “A16” in Arizona, according to a Reuters report..
