TSMC to Receive Billions in US Funds for New Arizona Chip Plant

TSMC stock jumped over 3% on Monday after a $12B deal with US to boost chip manufacturing

TSMC to receive up to $6.6B in grants and $5B in funding under CHIPS and Science Act

Plans unveiled for 3rd production facility in Phoenix by 2028 to meet rising US chip demand

TSMC's $65B investment marks largest foreign direct investment in Arizona and biggest US greenfield project

Cooperation with TSMC helps US goal of producing 20% of world's leading-edge chips by 2030 and reducing reliance on China