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Taiwanese chip-making giant TSMC gets $6.6 billion for Arizona project

Livemint

Livemint · 1y ago

Taiwanese chip-making giant TSMC gets $6.6 billion for Arizona project

Taiwan Semiconductor Manufacturing (TSMC) will receive up to $6.6 billion in government funding for its factory complex in Arizona. In addition, TSMC plans to invest over $65 billion and expand the manufacturing complex to include a third chip factory, which will produce cutting-edge 2-nanometer chips. This initiative is part of a broader goal to bring chip-making back to the US and improve national security. The project is projected to create over 20,000 construction jobs and 6,000 permanent jobs. TSMC's investment in Arizona is seen as a strategic move to diversify its production footprint beyond Taiwan.

Related News

US finalises up to $6.6 billion funding for chip giant TSMC

Economic Times

Economic Times · 8m ago

US finalises up to $6.6 billion funding for chip giant TSMC

The United States will provide Taiwanese chip manufacturer TSMC with $6.6 billion in direct funding to construct three plants in Arizona. President Joe Biden stated that the agreement will stimulate an additional $65 billion of private investment. This move aims to address the current absence of advanced chip manufacturing in the US and strengthen national security. The first facility is expected to be operational by early 2025, creating around 6,000 manufacturing jobs. The US government also plans to offer up to $5 billion in proposed loans to TSMC Arizona.

TSMC wins $6.6 billion US subsidy for Arizona chip production

Economic Times

Economic Times · 1y ago

TSMC wins $6.6 billion US subsidy for Arizona chip production

The U.S. Commerce Department will provide a $6.6 billion subsidy to Taiwan Semiconductor Manufacturing Co's (TSMC) U.S. unit for semiconductor production in Arizona, along with $5 billion in government loans. TSMC has expanded its investment to $65 billion and plans to produce advanced 2 nanometer technology at its second Arizona fab. The investment is the largest foreign direct investment in a new project in U.S. history. The projects are expected to create 6,000 jobs and TSMC's three fabs will manufacture leading-edge chips in smartphones, autonomous vehicles, and AI servers. TSMC aims for a 90% water recycling rate at its Arizona factories.

Microchip giant TSMC strikes $11.6 billion deal with Biden to boost production in Arizona

Business Insider

Business Insider · 1y ago

Microchip giant TSMC strikes $11.6 billion deal with Biden to boost production in Arizona

The White House has awarded Taiwan Semiconductor Manufacturing Co. (TSMC) nearly $12 billion in grants and loans to expand chip production in Arizona. The deal includes $6.6 billion in grants and $5 billion in direct funding from the Biden administration. TSMC plans to build a third factory on its Phoenix site, in addition to the two already under construction. This move comes as the US aims to decrease reliance on China for high-tech manufacturing due to rising tensions and national-security concerns. TSMC's commitment to Arizona now stands at $65 billion.

US to award TSMC $6.6B in grants, $5B in loans to step up chip manufacturing in Arizona

TechCrunch · 1y ago

US to award TSMC $6.6B in grants, $5B in loans to step up chip manufacturing in Arizona

The U.S. Commerce Department has agreed to provide Taiwan Semiconductor Manufacturing (TSMC) with $6.6 billion in funding to establish semiconductor factories in Arizona. The funds come as part of the CHIPS Act, which aims to enhance domestic chip research and production in the U.S. amidst geopolitical tensions with China. TSMC's investment of over $65 billion will create thousands of high-tech jobs and boost chip manufacturing in the U.S. Intel and Samsung are also set to receive significant funding under the same initiative for their semiconductor facilities.

TSMC gets $6.6 bln subsidy to make world's most advanced semiconductors in US

Livemint

Livemint · 1y ago

TSMC gets $6.6 bln subsidy to make world's most advanced semiconductors in US

The US Commerce Department has partnered with Taiwan Semiconductor Manufacturing Company (TSMC) to build advanced semiconductors in Arizona by 2030. TSMC has agreed to invest $65 billion and expand its planned investment to include three fabrication units. The move aims to enhance the semiconductor supply chain in the US. TSMC's Arizona plant will support leading customers like Apple, Nvidia, AMD, and Qualcomm, and manufacture chips for smartphones, autonomous vehicles, and AI data centers. The investment is the largest foreign direct investment in a new project in US history.

TSMC needs government permission for overseas joint ventures, Taiwan minister says

Economic Times

Economic Times · 4m ago

TSMC needs government permission for overseas joint ventures, Taiwan minister says

Taiwan Economy Minister Kuo Jyh-huei stated that TSMC, the world's largest contract chipmaker, requires governmental permission for overseas joint ventures, excluding China, for advanced chip production. The U.S. media reported TSMC's potential talks for a stake in Intel, although not confirmed. Taiwan affirms no interference in TSMC’s decisions, encouraging confidence in its critical semiconductor industry. TSMC is investing $65 billion in U.S. Arizona factories, awaiting government green light for advanced chip production.

Orders soar for Taiwan cleanroom firms amid global chip industry expansion

Economic Times

Economic Times · 1m ago

Orders soar for Taiwan cleanroom firms amid global chip industry expansion

Taiwanese cleanroom companies like United Integrated Services Co. and L&K Engineering are experiencing a surge in orders as global chipmakers expand operations, particularly in the U.S. and Southeast Asia. UIS, linked to Taiwan Semiconductor Manufacturing Co.'s investment in Arizona, secured a record $2.57 billion in contracts, while L&K reported new orders worth $3.23 billion. Demand for cleanrooms, essential in chip production, is rising, with Taiwanese firms leading the market.

TSMC announces $100 billion investment in new US chip plants

Economic Times

Economic Times · 4m ago

TSMC announces $100 billion investment in new US chip plants

Taiwanese chipmaker TSMC plans to invest at least $100 billion in new U.S. facilities, focusing on manufacturing in Arizona, creating thousands of high-paying jobs. This investment follows a previous $65 billion commitment during Joe Biden's administration. The move aims to alleviate concerns over U.S. supply dependencies amid geopolitical tensions with China. The investment will enhance TSMC's U.S. presence, including new fabrication plants and R&D centers, supporting AI and smartphone advancements.

Arizona independents in play as Joe Biden pushes big Intel investments

Economic Times

Economic Times · 1y ago

Arizona independents in play as Joe Biden pushes big Intel investments

President Joe Biden's decision to invest $19.5 billion in Intel's chip-making business could have a significant impact on independent voters in the swing state of Arizona. With the state playing a crucial role in the upcoming elections, creating thousands of jobs in the chip-making sector could sway independent voters, who make up the largest voting bloc in Arizona. The move is part of the 2022 CHIPS and Science Act, which aims to subsidize domestic semiconductor production. Arizona is also expected to be a battleground for Senate and House of Representatives races, making this investment even more significant for the Democratic Party.

Samsung to get $6-7 billion in chip subsidy next week for Texas expansion

Economic Times

Economic Times · 1y ago

Samsung to get $6-7 billion in chip subsidy next week for Texas expansion

The Biden administration is set to award a subsidy of $6-7 billion to Samsung to expand chip output in Texas. The funds will go towards constructing four facilities in Taylor, including a $17 billion chipmaking plant. This investment will double Samsung's U.S. investment to over $44 billion. The aim is to boost domestic chip production and reduce reliance on China and Taiwan. The subsidy follows similar grants awarded to TSMC and Intel for chip production expansion in Arizona. The announcement is expected to be made by Commerce Department Secretary Gina Raimondo.

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