Micro chips

TSMC to get up to $6.6B to produce chips, build third AZ fab

Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) headquarters in Hsinchu, Taiwan. On Sunday, Gina Raimondo, U.S. Secretary of Commerce announced the company would receive up to $6.6 billion in CHIPS and Science Act funding.

The Associated Press/Chiang Ying-ying

Taiwan Semiconductor Manufacturing Co. will get up to $6.6 billion to help produce microchips in Arizona and to build a third fab in north Phoenix, U.S. Secretary of Commerce Gina Raimondo announced on Sunday.

The funding — part of the CHIPS and Science Act initiative — is the latest in a cluster of announcements for the U.S. semiconductor industry.

TSMC announcement is the fifth in regards to CHIPS Act funding, Raimondo said in a conference call.

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