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TSMC gets $11.6bn funding and ups US spend to $65bn

April 8, 2024

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TSMC is to build a third fab in Arizona and will manufacture 2nm ICs in the US starting in 2030.

“For the first time ever, we will be making, at scale, the most advanced semiconductor chips on the planet here in the United States of America,” said US Commerce Secretary Gina Rainindo, overlooking the fact that the US invented the chip industry and was the largest and most advanced producer for decades.

On top of the $6.6 billion, TSMC will get $5 billion in loans and a 25% tax credit on capex.

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