President Donald Trump wants to kill the CHIPS Act, which provides $6.6 billion in federal subsidies for TSMC's $65 billion Phoenix semiconductor fabrication complex. He claimed that TSMC has not received money from the program,
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TSMC expands investments in the U.S. to $165 billion with new fabs and R&D center: A closer lookTSMC is set to build a major semiconductor production hub in the U.S. for $165 billion, but the plans still need to be set.
Taiwan-based TSMC fabricates the vast majority of the advanced chips for AI and smartphones. Now more of that fabrication could move to Arizona.
Taiwan semiconductor company TSMC plans to make a fresh $100 billion investment in the United States that involves building five additional chip facilities there in coming years, its CEO announced with President Donald Trump on Monday.
U.S. Rep. Greg Stanton of Arizona defended the CHIPS Act on Wednesday after President Donald Trump called it “a horrible, horrible thing."
TSMC's plans to invest billions more in Arizona to expand its semiconductor factories has caught the attention of three other major computer chip companies.
The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.
The investment will go into building three new fabrication plants in Phoenix, Arizona, as well as two packaging facilities and a research center.
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