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 is a reporter for The Epoch Times based in New York.