The U.S. Department of Commerce has awarded TSMC Arizona Corporation (TSMC Arizona) a $6.6 billion grant for semiconductor production in Phoenix, Arizona.
TSMC Arizona, a subsidiary of Taiwan Semiconductor Manufacturing Co., Ltd., will receive direct funding under the CHIPS Incentive Program Commercial Manufacturing Facility Financing Opportunity.
This will support the Phoenix, Arizona-based company’s planned investment of more than $65 billion in three greenfield state-of-the-art semiconductor manufacturing facilities in Phoenix. The department said it will disburse funds based on the completion of project milestones by TSMC Arizona.
President Joe Biden said, “Today’s final agreement with TSMC, the world’s leading manufacturer of advanced semiconductors, will spur $65 billion in private investment and build three state-of-the-art facilities in Arizona by 2019. Tens of thousands of jobs will be created.” End of the decade.” He said this is the largest foreign direct investment in a greenfield project in U.S. history.
“The first of TSMC’s three facilities is scheduled to fully open early next year, marking the first time in decades that an American manufacturing facility will be home to some of the most advanced technology used in cutting-edge technology, from smartphones to smartphones. That means producing cutting-edge chips, self-driving cars, and data centers that power artificial intelligence. ” Today’s announcement marks one of the most significant milestones to date in the implementation of the bipartisan CHIPS & Science Act, ensuring that the progress made to date will continue to be rolled out in the coming years and will help communities across the country. Shows how we ensure that you benefit. ” added.
Friday’s final agreement under the CHIPS incentive program was signed just weeks before President Joe Biden leaves the White House, replacing President-elect Donald Trump.
Trump has criticized the Biden administration’s ambitious plans.
“TSMC is grateful for our continued collaboration with our customers, partners, communities, and the U.S. government since early 2020. The signing of this agreement will help accelerate the development of cutting-edge semiconductor manufacturing. ” technology It is also available in the United States,” said Dr. CC Wei, TSMC Chairman and CEO.
CHIPS for America has awarded approximately $6.72 billion, allocates more than $36 billion in proposed funding to 20 states, and proposes to invest billions more in research and innovation, which would It is expected that more than 125,000 jobs will be created. Semiconductor and electronics companies have announced more than $450 billion in private investment since the Biden-Harris administration took office.
TSMC Arizona’s three factories are expected to be operating at full capacity and producing tens of millions of cutting-edge logic chips that power products such as 5G/6G smartphones, self-driving cars, and high-performance computing and AI applications. The advanced chips that TSMC manufactures for customers are the backbone of central processing units for servers in large data centers and specialized graphics processing units used for machine learning.
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