TSMC's Chips Act Award Finalized by US, With Funds Coming This Year

By Yahoo! Finance | Nov 15, 2024 at 05:37 AM EST

The Biden administration has finalized a $6.6 billion incentive award for Taiwan Semiconductor Manufacturing Co. under the Chips Act, aiming to bring semiconductor production back to the US. This marks a significant step in the effort to enhance national and economic security by returning cutting-edge technology manufacturing to American soil.

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