The U.S. Department of Commerce finalized its CHIPS and Science Act agreement with Taiwan Semiconductor Manufacturing Co. on Friday, essentially guaranteeing the company will receive $6.6 billion to construct its $65 billion north Phoenix facility.

The Biden administration is pushing to roll out funding before President-elect Donald Trump takes office in January.

The U.S. Department of Commerce announced today that it has awarded $6.6 billion in government subsidy to Taiwan Semiconductor Manufacturing Co (TSMC) for its Phoenix, Arizona production endeavors.

TSMC secured a $6.6 billion US subsidy to expand its Phoenix chip production facilities, including advanced 2-nanometre technology.

President Biden just awarded TSMC $6.6 billion in CHIPS Act funding in a last-minute move before leaving office. In what could translate into a major

The White House is racing to finish grant agreements for chip manufacturers, but some of its biggest successes might be credited to the Trump administration.

The Biden administration has finalized Taiwan Semiconductor Manufacturing Company’s (TSM) Chips Act incentive funding to support its U.S. fabrication sites.

As part of the deal, TSMC agreed to invest about $65 billion to expand operations in Phoenix, in order to build its most advanced chips. It also agreed to limit stock buybacks for