- The United States plans to provide TSMC with $6.6 billion in grants and nearly $5 billion in loans to help it build the plant.
- TSMC will build a third plant in Phoenix and add two more in the state.
- TSMC’s third manufacturing site will rely on next-generation 2-nanometer process technology.
Efforts to promote domestic production of key technologies
The United States plans to give TSMC $6.6 billion in grants and nearly $5 billion in loans to help the world’s top chipmaker build a factory in Arizona, expanding President Joe Biden’s efforts to boost domestic production of key technologies.
Under the agreement, TSMC will build a third plant in Phoenix and add two more in the state, with production expected to begin in 2025 and 2028. In total, the package will support TSMC’s investment of more than $65 billion in the three plants. TSMC’s third manufacturing site will rely on next-generation 2-nanometer process technology.
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The most advanced semiconductor chip on the planet
Us Commerce Secretary Gina Raimondo said: “For the first time ever, we will mass-produce the most advanced semiconductor chips on the planet. TSMC plans to produce 2nm chips in Taiwan for the first time in 2025. The award is a milestone in Biden’s efforts to advance the industry through the Chip and Science Act of 2022. “The proposed funding…… Will provide TSMC with the opportunity to make this unprecedented investment, “said TSMC Chairman Liu He.
