Biden Secures $6.6B CHIPS Grant for TSMC Before Trump Era
TL;DR Summary
President Joe Biden announced a final agreement with TSMC, the world's leading semiconductor manufacturer, to invest $65 billion in building three advanced facilities in Arizona, creating tens of thousands of jobs. This marks the largest foreign direct investment in a greenfield project in U.S. history and is a significant milestone in the implementation of the CHIPS & Science Act, aimed at revitalizing U.S. semiconductor manufacturing and enhancing national security.
- Statement from President Joe Biden on Final CHIPS Award for TSMC The White House
- TSMC Gets Government Funding. The Stock Is Rising. Barron's
- Biden Cements TSMC Grant Before Trump Takes Over The New York Times
- U.S. finalizes $6.6 billion chips award for TSMC ahead of Trump return CNBC
- Just Before Biden's Term Ends, Taiwan Semiconductor Lands $6.6 Billion in US Funding to Build Advanced Chip Plants Benzinga
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
75%
271 → 69 words
Want the full story? Read the original article
Read on The White House