TSMC Secures $6.6 Billion U.S. Grant for Arizona Chip Facilities

The funding will boost domestic semiconductor production and national security by establishing three new plants.

The Biden administration finalized a $6.6 billion grant to Taiwan Semiconductor Manufacturing Co (TSMC) to support the construction of three chip factories in Phoenix, Arizona.
TSMC's investment is expected to attract $65 billion in private capital and create tens of thousands of jobs by the end of the decade.
The first facility is set to open early next year, with plans to produce advanced A16 and N2 chips by the end of the decade.
TSMC will receive at least $1 billion this year as it meets specific project milestones, with additional funding tied to progress.
The initiative aims to reduce reliance on foreign suppliers and enhance national security by producing cutting-edge chips domestically.