TSMC to receive $6.6 Billion in direct funding for Arizona chip plant
The United States Department of Commerce announced a new round of funding for TSMC under the CHIPS and Science Act. TSMC is in line to receive $6.6 billion in direct funding and $5 billion in loans for its semiconductor production in Phoenix, Arizona. TSMC is also eligible to apply for an investment tax credit covering up to 25% of capital expenditures.
TSMC semiconductor manufacturing fab site in Phoenix, Arizona
TSMC announced its plans to build a third chipset fab at its Arizona complex in a bid to meet customer demand focused on 2nm chipsets which are expected to begin production by the end of this decade. The Taiwanese semiconductor contract manufacturer has invested upwards of $65 billion across its fabs in Arizona which accounts for the highest foreign direct investment as a project in U.S. history. TSMC plans to begin manufacturing 4nm chips in Arizona by next year, followed by 3nm and 2nm chips in 2028.
Reader comments
- kiasunkiasi
- PWa
not just skilled labour, even the most advanced TSMC plant still need LOTS of skilled engineers
- Anonymous
- 4TB
Why would skilled labor be an issue when all the work will be automated by ai anyways
- kiasunkiasi
- PWa
yeah, they can plan and build how many as they wanted let's wait and see how long these corp. can sustain their plants there's reasons why these semiconductor companies moved abroad few decades ago
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