Taiwan

Biden Administration Awards TSMC Arizona $11 Billion to Spur Domestic Chipmaking

The administration has been finalizing awards under the CHIPS and Science Act.
Biden Administration Awards TSMC Arizona $11 Billion to Spur Domestic Chipmaking
The Taiwan Semiconductor Manufacturing Company (TSMC) construction site in Phoenix on Dec. 6, 2022. Brendan Smialowski/AFP via Getty Images
Catherine Yang
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The Biden administration on Nov. 15 announced $11.6 billion in CHIPS and Science Act awards for TSMC Arizona, a subsidiary of the world’s largest contract chipmaker, to boost chip manufacturing in the United States.

This includes $6.6 billion in direct funding and up to $5 billion in loans. TSMC has pledged a $65 billion investment into three facilities in Arizona.

Catherine Yang
Catherine Yang
Author
Catherine Yang has been with The Epoch Times in New York since 2008. She also launched and previously served as chief editor of American Essence magazine and Epoch Health.