TSMC ramps up advanced chip production in US, gets $11.6 billion in grants:
TSMC is moving on a US expansion with two new plants in Arizona that will make the ...
thehindu.com/sci-tech/technology/tsmc-ramps-up-advanced-chip-production-in-us-gets-116-billion-in-grants/article68046059.ece
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TSMC plans 2nm chip production in Arizona from 2028The US government plans $6.6 billion in grants and $5 billion in loans for the expansion.
Key FactsApr 9, 2024 · Reading time: ~45 sec.
Summary created with AI assistance · Source: thehindu.com
Summary created with AI assistance · Source: thehindu.com
- TSMC signed an agreement to manufacture most of its advanced semiconductors in Arizona from 2028.
- Under the 2022 Chips Act, the US government plans $6.6 billion in grants and $5 billion in loans.
- Together, the three facilities are expected to represent more than $65 billion in investment; two are expected to begin production in 2025 and 2028.
- The new fab will manufacture 2nm chips, upgrading earlier US plans that relied on older technology.
TSMC is expanding its manufacturing capabilities in Arizona, such that for the first time ever we will be making, at scale, the most advanced semiconductor chips on the planet here in the United States of America. We are massively strengthening our national security position.— Gina Raimondo, US Commerce Secretary, describing the expansion and its national-security implications.
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