“The U.S. Department of Commerce said it has completed the process of awarding a $6.6 billion government subsidy to Taiwan Semiconductor Manufacturing Co’s U.S. unit to manufacture semiconductors in Phoenix, Arizona.”, — write: www.epravda.com.ua
The U.S. Department of Commerce said it has completed the process of awarding a $6.6 billion government subsidy to Taiwan Semiconductor Manufacturing Co’s U.S. unit to manufacture semiconductors in Phoenix, Arizona.
About this informs Reuters.
The awarded contract – a follow-up to a previous agreement announced in April – is the first major contract to be awarded under the $52.7 billion program, which was created in 2022.
The newspaper notes that this is happening a few weeks before the inauguration of President-elect Donald Trump, who has criticized the program.
In April, TSMC agreed to increase its planned investment by $25 billion to $65 billion and build a third plant in Arizona by 2030.
The Taiwanese company will produce the world’s most advanced 2-nanometer technology at its second facility in Arizona, which is expected to start production in 2028.
The deal with TSMC also includes up to $5 billion in cheap government loans.
The Commerce Department has allocated $36 billion to chip manufacturing projects, including $6.4 billion to Texas-based Samsung, $8.5 billion to Intel and $6.1 billion to Micron Technology.
The Commerce Department is reportedly working to finalize those deals before Biden leaves office on January 20.
We will remind:
USA ordered the world’s largest chipmaker, Taiwan Semiconductor Manufacturing Co, to stop supplying Chinese customers with advanced chips often used in artificial intelligence applications.
Shares of the world’s largest contract chipmaker TSMC, listed on the Taipei Stock Exchange, have reached record level.