TSMC to receive $6.6 Billion in direct funding for Arizona chip plant

[GSMArena]

The United States Department of Commerce announced a new round of funding for TSMC under the CHIPS and Science Act. TSMC is in line to receive $6.6 billion in direct funding and $5 billion in loans for its semiconductor production in Phoenix, Arizona. TSMC is also eligible to apply for an investment tax credit covering up to 25% of capital expenditures. TSMC semiconductor manufacturing fab site in Phoenix, Arizona TSMC announced its plans to build a third chipset fab at its Arizona complex in a bid to meet customer demand focused on 2nm chipsets which are expected to begin...

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