TSMC Gets $11.6B in U.S. Subsidies to Build $65B Semiconductor Complex in Arizona, Creating Over 26,000 Jobs

• U.S. Commerce Department to award TSMC $6.6B in grants and up to $5B in loans to set up semiconductor factories in Phoenix, Arizona

• Funding part of $280B CHIPS Act to boost domestic chip production and reduce reliance on Asia

• TSMC expanding plans for Arizona factories - will add a 3rd plant to manufacture advanced 2nm chips

• TSMC's total investment over $65B - largest ever direct foreign investment for a greenfield project in U.S.

• Factories expected to create ~6,000 high-tech jobs and >20,000 construction jobs