TSMC is set to receive up to $6.6 billion in CHIPS Act funding to support its investment into three manufacturing sites in Arizona.
The proposed funding would give TSMC's Arizona subsidiary up to $6.6 in direct funding and a potential $5 billion in loans under the CHIPS Act.
The funding, under the US CHIPS and Science Act, will support TSMC's more than $65 billion investment in three cutting-edge fabrication plants in Phoenix, Arizona, according to the nonbinding agreement. U.S. Secretary of Commerce Gina Raimondo said at a press press briefing that the agreement was "huge," adding that the partnership with TSMC will bring "the manufacturing of the world's most advanced chips to American soil."
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