TSMC Gets $6.6 Billion in U.S. Grants to Build New Arizona Chip Factory, Raising Total Planned Investments to Over $65 Billion

• TSMC will receive up to $6.6 billion in federal grants to build a new factory and upgrade a planned facility in Phoenix, Arizona

• The grants are part of the CHIPS and Science Act to incentivize chip manufacturing in the U.S.

• TSMC will increase its total U.S. investments to over $65 billion, up from $40 billion previously

• The Biden administration sees boosting domestic chip production as vital for supply chain security

• This is the second largest chip manufacturing grant under the CHIPS Act after Intel's $8.5 billion award