Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

US Bolsters Semiconductor Production with Massive TSMC Funding

inews24 Views  

The U.S. government has announced it will provide up to $6.6 billion in support to the Taiwanese semiconductor company TSMC.

TSMC [Photo: Telek]

On the 8th (local time), the U.S. Department of Commerce pledged to provide up to $6.6 billion to expand the facilities that TSMC is constructing in Arizona and to enable the production of cutting-edge semiconductors in the U.S. for the first time.

In response, TSMC announced that it would increase its initially planned investment scale from $25 billion to $65 billion and agreed to add a third factory in Arizona by 2030.

The U.S. government is providing $52.7 billion over five years for the construction of foundries (semiconductor manufacturing under contract) in the U.S. and research and development grants to reduce dependence on Asian suppliers, considered a security vulnerability for the U.S.

Samsung Electronics has also applied for U.S. government subsidies. Reuters reported that it is expected to announce subsidy support for South Korea’s Samsung Electronics sometime next week.

inews24
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda to Start Making Old Parts Again — Starting with the NSX
  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible

You May Also Like

  • 1
    Former First Lady's Associate Questioned in Influence-Peddling Scandal

    LATEST 

  • 2
    Is Your Feed Fake? AI-Generated Flood Video Raises Red Flags

    LATEST 

  • 3
    Heartfelt Gift: Woman with Disabilities Donates Organs to Save Five Lives

    LATEST 

  • 4
    South Korea Joins Forces with U.S. in Major Cyber Defense Drill

    LATEST 

  • 5
    Millennials and Gen Z Rejoice: Luxe Summer Getaways with Beauty Perks!

    LATEST 

Popular Now

  • 1
    New Finance Minister Vows to Put National Interests First in U.S. Tariff Talks

    LATEST 

  • 2
    Join the Iron Revolution: Free Camp Explores Korea's Ancient Metal-Making Secrets!

    LATEST 

  • 3
    Gen.G Takes the Crown: South Korean Esports Team Wins 2025 World Cup!

    LATEST 

  • 4
    Son Arrested at Father's Funeral: Shocking Murder Investigation Unfolds

    LATEST 

  • 5
    K-Pop Takes Over: Jennie, Jin, and J-Hope Shine as Solo Stars!

    LATEST 

Must-Reads

  • 1
    Former First Lady's Associate Questioned in Influence-Peddling Scandal

    LATEST 

  • 2
    Is Your Feed Fake? AI-Generated Flood Video Raises Red Flags

    LATEST 

  • 3
    Heartfelt Gift: Woman with Disabilities Donates Organs to Save Five Lives

    LATEST 

  • 4
    South Korea Joins Forces with U.S. in Major Cyber Defense Drill

    LATEST 

  • 5
    Millennials and Gen Z Rejoice: Luxe Summer Getaways with Beauty Perks!

    LATEST 

Popular Now

  • 1
    New Finance Minister Vows to Put National Interests First in U.S. Tariff Talks

    LATEST 

  • 2
    Join the Iron Revolution: Free Camp Explores Korea's Ancient Metal-Making Secrets!

    LATEST 

  • 3
    Gen.G Takes the Crown: South Korean Esports Team Wins 2025 World Cup!

    LATEST 

  • 4
    Son Arrested at Father's Funeral: Shocking Murder Investigation Unfolds

    LATEST 

  • 5
    K-Pop Takes Over: Jennie, Jin, and J-Hope Shine as Solo Stars!

    LATEST 

Share it on...