Biden S Commerce Department Rushes To Finalize 6 6 Billion In Chip Subsidies To Tsmc Before Trump Takes Over
Biden's Commerce Department rushes to finalize $6.6 billion in chip subsidies to TSMC before Trump takes over. US President Joe Biden (C) greets workers as he tours the TSMC Semiconductor. "The Biden-Harris Administration's investment in TSMC Arizona is a turning point for American innovation and manufacturing that will strengthen our economic and national security," said U.S. Secretary of Commerce Gina Raimondo. "The leading-edge chips that will be manufactured in Arizona are foundational to the United States.
The Biden administration said on Friday that it had completed an agreement to award Taiwan Semiconductor Manufacturing Company up to $6.6 billion in grants, as federal officials race to put in. The Biden administration announced on Friday that the Commerce Department awarded TSMC Arizona $6.6 billion in direct funding to go for three greenfield leading-edge fabs in Phoenix.
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