TSMC to Receive Over $5 Billion in U.S. Federal Grants for Arizona Chip Plant

The grants aim to bolster domestic semiconductor manufacturing, with TSMC's project marking a key step in the U.S.'s strategic efforts.

TSMC is set to receive over $5 billion in federal grants for a chipmaking project in Arizona, marking a significant step in the U.S.'s efforts to revitalize domestic semiconductor manufacturing.
The grants are part of the 2022 Chips and Science Act, aimed at supporting advanced factories and boosting U.S. semiconductor production.
TSMC's Arizona project involves a $40 billion investment to construct two semiconductor fabrication facilities, with production delays pushing the start to 2025 and 2027 or 2028 for the two phases.
The initiative is expected to serve major clients like Apple and Nvidia, addressing the demand for chips and strengthening U.S. economic competitiveness in the semiconductor industry.
Details of the grant and its finalization are pending, as negotiations with the U.S. Commerce Department continue.