The USA Division of Commerce introduced a brand new spherical of funding for TSMC underneath the CHIPS and Science Act. TSMC is in line to obtain $6.6 billion in direct funding and $5 billion in loans for its semiconductor manufacturing in Phoenix, Arizona. TSMC can also be eligible to use for an funding tax credit
The U.S. Commerce Division said on Monday that it has signed an settlement to award Taiwan Semiconductor Manufacturing (TSMC) $6.6 billion in direct funding underneath the CHIPS and Science Act to arrange semiconductor factories in Phoenix, Arizona, and supply as much as $5 billion in loans. This grant, pegged for the corporate’s U.S. subsidiary, TSMC
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