President Biden has signed a preliminary deal with TSMC, the world's largest chip manufacturer, to hand the Taiwanese company billions of dollars of CHIPS funding. In return, TSMC will commit to building high-performance computer chips on US soil, including a brand new third fab facility expected to use the latest lithographic technologies for the most performant processors.
"TSMC’s renewed commitment to the United States, and its investment in Arizona represent a broader story for semiconductor manufacturing that’s made in America and with the strong support of America’s leading technology firms to build the products we rely on every day," President Biden says.
