The Biden administration has committed up to $6.6 billion to support Taiwan Semiconductor Manufacturing Co. (TSMC) in expanding its facilities in Arizona. This funding aims to ensure the production of advanced microchips domestically for the first time.
Commerce Secretary Gina Raimondo announced that the funding will allow TSMC to enhance its existing plans for two facilities in Phoenix and establish a third production hub. These microchips are crucial for various technologies, including artificial intelligence, and are essential for national security and military applications.
