"TSMC's $6.6 Billion U.S. Subsidy Sparks Chipmaking Expansion"
TL;DR Summary
The Biden administration announced a $6.6 billion subsidy for Taiwan Semiconductor Manufacturing Company (TSMC) to support its $65 billion investment in building three chip fabrication plants in Arizona. While the subsidy will reduce a significant fixed cost for TSMC and allow for geographic diversification, it is unlikely to greatly affect the stock. TSMC remains the leading third-party chip fab company and is expected to produce strong returns for investors regardless of where it produces its semiconductors.
- Taiwan Semiconductor Will Receive a Huge U.S. Subsidy. Does That Make the Stock a Buy? The Motley Fool
- TSMC gets $6.6 billion in chipmaking cash from Biden while pledging to build a third Arizona plant Yahoo Finance
- TSMC Will Receive $6.6 Billion to Bolster U.S. Chip Manufacturing The New York Times
- Water-guzzling chipmaker TSMC and drought-plagued Arizona are an unlikely pair, but Phoenix says it has enough water Fortune
- TSMC's American chipmaking plans grow $25bn more ambitious The Economist
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