TSMC Secures Over $5 Billion in US Grants to Boost Semiconductor Production in Arizona
• TSMC to win over $5 billion in US grants for Arizona chip plant
• Awards from $52.7B CHIPS Act to boost domestic semiconductor production
• TSMC plans to invest $40B in Arizona factory, one of largest foreign investments in US
• TSMC is world’s largest contract chipmaker and makes chips for Apple iPhones
• TSMC has chip capacity issues, struggling to meet demand for advanced AI chips