Industry reports and economic analyses

US Finalizes $6.6 Billion Funding for TSMC, Secures Total $11.6 Billion

Nov 15, 2024, 10:02 AM

The US Commerce Department has finalized a $6.6 billion funding package for Taiwan Semiconductor Manufacturing Company (TSMC) as part of the US CHIPS Act. This substantial subsidy aims to bolster TSMC's operations amid growing global competition in the semiconductor industry. The funding comes at a critical time as the future of the CHIPS Act remains uncertain. Additionally, TSMC has secured a total of $11.6 billion in funding.