"Biden's $6.6 Billion Boost for TSMC Chip Manufacturing in Arizona"
TL;DR
The Biden administration is providing $6.6 billion in federal funding to a semiconductor project led by the former CEO of Solyndra, the failed solar energy company that went bankrupt after receiving over $500 million in loans from the Obama administration. The project, run by Brian Harrison, will be carried out by Taiwanese chipmaker TSMC's Arizona subsidiary and aims to build a factory in Phoenix. This move has sparked criticism from Republicans over the administration's energy spending, especially given the history of Solyndra's financial troubles.
Topics:businesspolitics-business#biden-administration#green-energy#politics-business#semiconductor-industry#solyndra#tsmc
- Biden Admin Gives $6.6 Billion to Project Run By Ex-Solyndra CEO Washington Free Beacon
- Water-guzzling chipmaker TSMC and drought-plagued Arizona are an unlikely pair, but Phoenix says it has enough water Fortune
- TSMC Will Receive $6.6 Billion to Bolster U.S. Chip Manufacturing The New York Times
- Biden deploys $6.6B to boost global chipmaker in key swing state POLITICO
- Multibillion-dollar Silicon Valley facility imperiled by federal plan San Francisco Chronicle
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