🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

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.

Related News

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.

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 suspended shipments to China firm after chip found on Huawei processor, sources say

Economic Times

Economic Times · 8m ago

TSMC suspended shipments to China firm after chip found on Huawei processor, sources say

Taiwan Semiconductor Manufacturing Company (TSMC) has suspended shipments to Chinese chip designer Sophgo after a chip made by TSMC was found on a Huawei AI processor. Huawei is restricted from purchasing the technology due to US national security concerns. It remains unclear how the chip ended up on the Huawei product. TSMC alerted authorities and began investigating the matter. Sophgo, which is affiliated with Bitmain, did not respond to requests for comment. TSMC stated it has not supplied Huawei since mid-September 2020 and is not aware of being the subject of any investigation.

AI chip manufacturing subsidy leaves US officials with tough choices

Reuters · 1y ago

AI chip manufacturing subsidy leaves US officials with tough choices

The US government is set to provide around $30 billion in subsidies for advanced semiconductor manufacturing to bring AI chip development and manufacturing to American soil. However, allocating the funds to overseas leader Taiwan Semiconductor Manufacturing (TSMC) or to Intel, a domestic company with promising turnaround efforts, poses a challenge. Additionally, the rapidly evolving nature of AI chips means there is no guarantee that subsidies provided today will secure future AI chip development. Intel, TSMC, and Samsung are all likely to receive some degree of US subsidies, but the precise allocation remains uncertain.

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.

Report of TSMC chips made for Huawei 'a huge concern', US Commerce nominee says

Economic Times

Economic Times · 4m ago

Report of TSMC chips made for Huawei 'a huge concern', US Commerce nominee says

US President Trump's nominee, Jeffrey Kessler, expressed concern over reports that Taiwan Semiconductor Manufacturing Co (TSMC) produced chips for Huawei, a company on the US trade blacklist. During a Senate nomination hearing, Kessler emphasized the need for strong enforcement of trade restrictions and penalties. Research found TSMC chips in Huawei’s advanced AI processor, despite a prohibition on such shipments using US technology. The Commerce Department intervened, ordering TSMC to stop certain chip shipments to Chinese customers.

New Intel CEO Lip-Bu Tan will pick up where Pat Gelsinger left off

Arstechnica

Arstechnica · 4m ago

New Intel CEO Lip-Bu Tan will pick up where Pat Gelsinger left off

Intel has appointed Lip-Bu Tan as the new CEO, replacing Pat Gelsinger after his ousting due to financial losses and restructuring moves. Tan, previously on Intel's board, will start on March 18, continuing the plan to transform Intel into a chip foundry competing with giants like TSMC. The company faces challenges, including an $18.76 billion loss in 2024 and reliance on the US government's CHIPS Act for funding its revival strategy.

TSMC to invest up to $100 million in Arm Holdings' IPO

Economic Times

Economic Times · 1y ago

TSMC to invest up to $100 million in Arm Holdings' IPO

TSMC, the world's largest contract chipmaker, plans to invest up to $100 million in Arm Holdings Plc's IPO. Arm Holdings, owned by SoftBank Group, is aiming to raise up to $4.87 billion in its US IPO. TSMC joins other major clients, including Apple, Nvidia, Alphabet, AMD, Intel, and Samsung Electronics, as cornerstone investors in Arm's IPO. TSMC's Chairman Mark Liu emphasized the importance of Arm to their ecosystem and customers. Additionally, TSMC agreed to purchase a 10% equity interest in IMS Nanofabrication Global, LLC from Intel for up to $432.8 million.

Japan offers $300 million backing for chip research organisation

Economic Times

Economic Times · 1y ago

Japan offers $300 million backing for chip research organisation

Japan's trade ministry plans to provide support worth up to 45 billion yen ($301 million) to the Leading-edge Semiconductor Technology Center (LSTC), which includes chip foundry venture Rapidus, for research on cutting-edge semiconductor technology. Rapidus aims to manufacture 2-nanometre logic chips in Hokkaido and rival companies like Taiwan's TSMC. TSMC, in a show of confidence in Japan as a manufacturing base, recently announced plans to build a second fab in the country by 2027.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Meta acquires voice startup Play ...

Exclusive: Porter turns profitabl ...

Zomato CEO Deepinder Goyal buys l ...

Download the medial app to read full posts, comements and news.