Biden Administration Invests $6.6 Billion to Expand TSMC Semiconductor Facility in Arizona, Creating Thousands of High-Tech Jobs
• Biden administration announces $6.6 billion investment into expanding TSMC semiconductor facility in Arizona • Funds from bipartisan Chips and Science Act passed amid concerns over lack of US chip production • Expansion includes new 3rd facility for TSMC and increases their total investment to $65 billion • Estimated to create 20,000 construction jobs and 6,000 high-tech jobs in Arizona • Part of administration strategy to boost US competitiveness in semiconductors critical for tech and national security