"Biden Allocates $6.6 Billion to TSMC for Arizona Chip Plant Expansion"

The United States Department of Commerce has announced $6.6 billion in direct funding and $5 billion in loans for TSMC's semiconductor production in Phoenix, Arizona, under the CHIPS and Science Act. TSMC plans to build a third chipset fab at its Arizona complex to meet customer demand for 2nm chipsets, with production expected to begin by the end of the decade. This investment represents the highest foreign direct investment project in U.S. history, and TSMC aims to start manufacturing 4nm chips in Arizona next year, followed by 3nm and 2nm chips in 2028.