Taiwan Semiconductor to get up to $6.6 billion in CHIPS Act funding

By MarketWatch | Nov 15, 2024 at 05:20 AM EST

The Commerce Department announced up to $6.6 billion in funding for Taiwan Semiconductor Manufacturing Co. to support its $65 billion investment in three new fabs in Phoenix. This marks the largest foreign investment in a U.S. greenfield project, with the first facility scheduled to open next year.

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