Summary by Futu AI
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) has announced a partnership with the U.S. Department of Commerce, securing up to $6.6 billion in direct funding under the CHIPS and Science Act. This funding will support the construction of a third semiconductor fabrication plant (fab) in Phoenix, Arizona, as part of TSMC Arizona's expansion. The new fab will utilize the most advanced semiconductor process technology in the U.S. With the addition of the third fab, TSMC's total investment in the Arizona site will exceed $65 billion, marking the largest foreign direct investment in Arizona and in a U.S. greenfield project. TSMC's Chairman, Dr. Mark Liu, emphasized the opportunity to provide advanced manufacturing technologies in the U.S., while...Show More