Taiwan’s TSMC granted $6.6bn to expand chip production in Arizona
Taiwanese company TSMC, a leading chip and chip manufacturer, received a subsidy of $6.6bn to expand its business in Arizona, USA. Moreover, the company agreed to increase its investments in the American division by $25bn, TASS reports.
“TSMC is expanding its manufacturing capabilities here in Arizona, so for the first time, the most advanced chips will be made in the United States,” US Commerce Secretary Gina Raimondo said.
The Taiwanese company plans to open three factories in Arizona. According to information from Reuters, the first plant is to be launched in H1 2025. The second plant will be commissioned in 2028, specialising in the production of the world’s most advanced 2-nanometer processors. By 2030, it is planned to build the third factory of the Taiwanese giant.
Reuters also reported that TSMC, in addition to government subsidies of $6.6bn, will also receive additional soft loans worth $5bn. In addition, the Taiwanese semiconductor manufacturer plans to increase its investment in the American division from $40bn to $65bn.
