Biden Secures $6.6 Billion for TSMC Chip Factories in Arizona
The Biden administration has finalized a $6.6 billion grant for Taiwan Semiconductor Manufacturing Company (TSMC) to support the construction of massive chip factories in Phoenix, despite concerns that President-elect Donald Trump may disrupt subsidies aimed at bolstering the domestic semiconductor industry. “This is a monumental announcement,” Commerce Secretary Gina Raimondo stated during a call with … Read more