"Biden's $6.6 Billion Boost for TSMC to Ramp Up US Chip Production"
TL;DR
The Biden administration has pledged up to $6.6 billion to Taiwan's TSMC to support the construction of a third semiconductor factory in Arizona, as part of a $65 billion investment in the US. This move aims to boost domestic production of advanced chips and reduce dependency on Asian firms, particularly in the event of a geopolitical crisis. The funding is tied to the CHIPS and Science Act, signed by President Biden in 2022, and is part of efforts to revitalize the US semiconductor industry. Additionally, the administration is set to provide over $6 billion in funding to South Korea's Samsung to expand its chip output in Texas.
Topics:businessbusinesstechnology#biden-administration#businesstechnology#chip-production#semiconductor#tsmc#us
- Biden unveils $6.6bn for Taiwan’s TSMC to ramp up US chip production Al Jazeera English
- Biden to give Taiwan’s TSMC $6.6 billion to ramp up US chip production CNN
- Water-guzzling chipmaker TSMC and drought-plagued Arizona are an unlikely pair, but Phoenix says it has enough water Fortune
- Multibillion-dollar Silicon Valley facility imperiled by federal plan San Francisco Chronicle
- TSMC Will Receive $6.6 Billion to Bolster U.S. Chip Manufacturing The New York Times
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