Loading...
Market
Story
Biden Administration Finalizes $6.6 Billion CHIPS Act Grant to TSMC for Arizona Facilities
Nov 15, 2024, 10:22 AM
The Biden administration has finalized a $6.6 billion CHIPS Act grant to Taiwan Semiconductor Manufacturing Company (TSMC). The funding, announced by the U.S. Commerce Department, supports the construction of TSMC's semiconductor manufacturing facilities, known as Fab 21, in Arizona. The funds will be disbursed in stages, with TSMC expected to receive at least $1 billion by the end of 2024. This agreement is anticipated to spur $65 billion in private investment to build three facilities in Arizona and create tens of thousands of jobs by the end of the decade. The finalization of this grant marks a significant milestone in efforts to bolster domestic semiconductor production and secure U.S. leadership in advanced semiconductor technology.
View original story
Similar markets
Less than 5,000 • 25%
5,000 to 10,000 • 25%
10,001 to 15,000 • 25%
More than 15,000 • 25%
None • 25%
One • 25%
Two • 25%
Three or more • 25%
500,000 wafers or more • 25%
300,000 to 499,999 wafers • 25%
100,000 to 299,999 wafers • 25%
Less than 100,000 wafers • 25%
Less than $40 billion • 25%
$40 billion to $50 billion • 25%
$50 billion to $65 billion • 25%
More than $65 billion • 25%
2025 • 25%
2026 • 25%
2027 • 25%
Beyond 2027 • 25%