TSMC Wins $6.6 Billion In US Funding To Develop Latest Chips In America Under CHIPS Award

In a major development, the Biden-Harris Administration has granted the Taiwan Semiconductor Manufacturing Company (TSMC) $6.6 billion in funding under the CHIPS and Science Act to develop three chip fabrication facilities in Arizona. The award follows a preliminary grant in April, after which the Department of Commerce worked with TSMC to ensure that the firm met the requirements of the CHIPS Act. Under the funding, TSMC’s three fabrication facilities at the Arizona site will manufacture semiconductors ranging from the 5-nanometer to 1.6-nanometer (A16) process family technologies. As part of the release, President Biden asserted that the CHIPS funding shores up […]

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