Washington, Nov 15, 2024 (AFP) - US finalizes up to $6.6 bn funding for chip giant TSMC

NAMPA / AFP

2024-11-15

The United States will award Taiwanese chip giant TSMC up to $6.6 billion in direct funding, officials said Friday, finalizing the deal before a new administration enters the White House. "Today's final agreement with TSMC -- the world's leading manufacturer of advanced semiconductors -- will spur $65 billion dollars of private investment to build three state-of-the-art facilities in Arizona," President Joe Biden said in a statement. bys/md ...

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