April 10, 2024 /SemiMedia/ -- According to reports, the U.S. federal government will provide TSMC with a US$6.6 billion grant subsidy. Under this support, TSMC agreed to increase its investment in the United States by more than 60% from US$40 billion to more than US$65 billion. In addition, TSMC will also produce the world's most advanced 2nm chips in the United States.
U.S. Commerce Secretary Gina Raimondo said TSMC will build a previously unannounced third chip factory in Phoenix, Arizona, which will be operational by 2030.
TSMC's increased investment to $65 billion will put the United States on track to produce about 20% of the world's cutting-edge chips by 2030. In addition, TSMC will receive a US$5 billion loan and can apply for an investment tax credit of up to 25% of capital expenditures.
"For the first time ever, we will mass-produce in the United States the most advanced semiconductor chips on the planet. These chips will underpin all artificial intelligence (AI) needs," Raimondo said.
Raimondo said 14 suppliers plan to build or expand factories in Arizona or elsewhere in the United States to support TSMC's manufacturing facilities. 70% of TSMC's customers are American companies, and its customers have made it clear that they want to buy chips made in the United States.
