By Free Republic | Created at 2024-11-15 17:37:47 | Updated at 2024-11-15 19:37:23
2 hours ago
Taiwan Semiconductor secures CHIPS Act funding for three Arizona plants
Market Watch via MSN ^ | 15 November 2024 | Steve Goldstein
Posted on 11/15/2024 9:36:00 AM PST by Alas Babylon!
Taiwan Semiconductor Manufacturing Co., a company integral to modern chipmaking, is being awarded up to $6.6 billion in CHIPS Act funding, the U.S. Commerce Department said Friday.
Besides the direct funding, Taiwan Semi also will be eligible for up to $5 billion of loans.
The award will support the company’s planned investment of more than $65 billion in three greenfield leading-edge fabs in Phoenix, Ariz., and be disbursed based on the completion of project milestones.
(Excerpt) Read more at msn.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: chips; semiconductor; usa
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This is very good news, but I thought these plants were already underway.
In any case, a vital industry in AMERICA! MAGA!
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