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Al Jazeera
Al Jazeera
Technology

Biden unveils $6.6bn for Taiwan’s TSMC to ramp up US chip production

US President Joe Biden has sought to boost domestic semiconductor production [Jonathan Ernst/Reuters]

The United States has pledged to give Taiwan’s chip giant TSMC up to $6.6bn to expand production at facilities it is building in the state of Arizona.

The funding announced on Monday will support TSMC building a third semiconductor factory in Arizona, in addition to two facilities already in the pipeline, US officials said.

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