March 12, 2024 /SemiMedia/ -- According to reports, TSMC will receive more than $5 billion in U.S. federal grants to support chip manufacturing projects in Arizona.

The report pointed out that the subsidy has not yet been finalized. It's unclear whether TSMC will take advantage of the loans and guarantees provided by the 2022 Chip and Science Act.

TSMC and other leading chipmakers are in talks with the U.S. Commerce Department for about $28 billion in grants for advanced factories. TSMC, Intel, Micron Technology and Samsung Electronics will all receive billions of dollars in incentives from the subsidy program, but there will be fluctuations, people familiar with the matter said.

TSMC said in a statement that fruitful and ongoing discussions with the U.S. government on subsidy funding have been making steady progress.

The report also revealed that the United States has confirmed the amount of subsidies to three companies so far.