TSMC Gets $6.6B U.S. Subsidy for New $65B Arizona Chip Fabs

TSMC will receive a $6.6B U.S. subsidy for its $65B investment in 3 new chip fabs in Arizona
The subsidy is part of the U.S. CHIPS Act to promote domestic chip production for national security reasons
The new Arizona fabs will increase TSMC's capacity by about 6% to 900K wafers/year out of its 16M total
The subsidy is small compared to TSMC's $48B cash reserves and will not greatly affect its investment case
TSMC remains the leading chip fab firm with advanced tech and 61% market share, so it should deliver strong growth regardless of fab locations