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Jess Weatherbed
TSMC granted billions to build new semiconductor factories in the US.

Bloomberg reports that the Biden administration is awarding TSMC $6.6 billion in grants and $5 billion in loans under the CHIPS Act to help construct a third factory in Phoenix, Arizona by 2030, alongside $25 billion of the chipmaker’s own investments.

This new plant, which joins two other facilities already expected to open in 2025 and 2028, is meant to produce 2-nanometer chips that could power future iPhones and MacBooks.

A graph showing the breakdown in funding from the US CHIPS Act.
This graph from Bloomberg shows where the $39 billion in CHIPS Act funding has been allocated so far.
Image: Bloomberg
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