TSMC secures $6.6 billion US subsidy for Arizona chip manufacturing
The U.S. Commerce Department announced on April 9, 2024, that it will grant a $6.6 billion subsidy to Taiwan Semiconductor Manufacturing Company’s (TSMC) U.S. unit for semiconductor production in Phoenix, Arizona. Additionally, TSMC may receive government loans of up to $5 billion at low-interest rates. This subsidy is part of TSMC’s investment plans in the…
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