TSMC Gets $6.6 Billion in U.S. Grants for $65 Billion Arizona Chip Plant

• TSMC to receive $6.6B in grants from Biden administration for $25B Arizona chip plant expansion, total investment over $65B • Grants part of administration effort to boost US share of top global chipmaking to 20% by 2030
• TSMC a major chip supplier for companies like Nvidia and AMD • Intel previously received $8.5B in US chips grants
• Semiconductor stocks like TSMC, Nvidia and AMD outperforming Intel this year