"TSMC Secures $5 Billion in Grants for US Chip Plant: Bloomberg"

Taiwan Semiconductor Manufacturing Co (TSMC) is reportedly set to receive over $5 billion in federal grants from the U.S. government for establishing a chipmaking plant in Arizona, as part of the 2022 Chips and Science Act. This move aligns with the U.S. efforts to bolster domestic semiconductor production. TSMC's investment in the Arizona plant is expected to be around $40 billion, marking one of the largest foreign investments in U.S. history. The company's advanced manufacturing processes are crucial for producing industry-leading artificial intelligence chips, and the demand for advanced packaging remains strong, posing a challenge in meeting customer needs.