Biden Secures $6.6B for TSMC Chip Factories, Defying Trump’s Potential Rescission
The Biden administration finalized a $6.6 billion award to Taiwan Semiconductor Manufacturing Company (TSMC) for its Arizona semiconductor fabrication plants, a crucial investment for U.S. economic and national security. This funding, derived from the CHIPS and Science Act, supports TSMC’s $65 billion investment creating thousands of jobs and boosting domestic chip production. The award’s timing, just days before the election of President Trump, who opposes the deal, was emphasized by officials to ensure the project’s continuation. The funding is contingent upon TSMC meeting construction and production milestones, solidifying a commitment to bolstering the U.S. semiconductor industry.
John Q. Hosedrinker