TSMC to Expand US Chip Manufacturing With Third Arizona Facility

Published on April 8, 2024

The Biden administration announced on Monday that Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest chipmaker, has agreed to expand its investment in Arizona by promising to manufacture the world’s most sophisticated chips on U.S. soil. The U.S. Commerce Department announced that it would provide up to $6.6 billion in direct funding to the Taiwanese firm through the CHIPS and Science Act, which was signed into law by President Joe Biden in 2022. According to the preliminary agreement, the company’s subsidiary, TSMC Arizona, will use this funding to invest more than $65 billion in three greenfield fabs in Phoenix, Arizona....

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