The Biden administration has announced a preliminary agreement to provide up to $6.6 billion in funding to TSMC's Arizona subsidiary. The funding will support TSMC's investment in three fabrication plants in Phoenix and the manufacturing of advanced chips in the United States.
’s Arizona subsidiary is set to receive up to $6.6 billion in U.S. government funding under a preliminary agreement announced by the Biden administration on Monday. The funding, under the U.S.
’s more than $65 billion investment in three cutting-edge fabrication plants in Phoenix, Arizona, according to the nonbinding agreement. The Taiwanese multinational semiconductor company is also eligible for around $5 billion in proposed loans under the will bring “the manufacturing of the world’s most advanced chips to American soil.” According to Raimondo, the funds will include $50 million to train and develop local talent in Arizona, with
Act, passed in August 2022, is an almost $53 billion package aimed at building the U.S. domestic chip industry to boost the country’s economy and better compete with rivals such as China for national security purposes. The legislation provides billions in incentives for companies to produce chips in the U.S., on the condition that they do not expand certain semiconductor manufacturing operations in China and other countries deemed a national security risk.
TSMC Arizona U.S. Government Funding CHIPS Act Semiconductor Fabrication Plants Investment Advanced Chips
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Health care providers struggle as cyberattack on UnitedHealth Group's subsidiary takes tollUnitedHealth Group reports that 'Change Healthcare,' a medical payment processor, is finally back online after hackers shut it down three weeks ago. The hack cost providers an estimated $100 million a day. In an interview you'll see only on 'CBS Mornings,' Nicole Sganga met a doctor who's scrambling to keep her practice running.
Read more »
Blowin' south of the border: Sempra subsidiary will build a new wind farm in MexicoBlowin' south of the border: Sempra subsidiary will build a new wind farm in Mexico. The project is part of the Energía Sierra Juarez wind complex in Tecate.
Read more »
French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain ValidatorJamie Crawley is a CoinDesk news reporter based in London.
Read more »
The Body Shop’s Subsidiary Enters Into Administration in FranceThe Body Shop's French subsidiary had entered into administration.
Read more »
Toyota will oversee model certification at subsidiary Daihatsu after safety testing scandalThe new president of Toyota subsidiary Daihatsu says its parent company will oversee model certification to regain trust after a safety testing scandal. Masahiro Inoue said Toyota will take a leadership role in various areas, including product development and procurement.
Read more »
Devastating earthquake spares TSMC's $150M chip-making tools, Apple's not facing a chip shortageSebastian, a veteran of a tech writer with over 15 years of experience in media and marketing, blends his lifelong fascination with writing and technology to provide valuable insights into the realm of mobile devices.
Read more »