Commerce Secretary Gina Raimondo announced $6.6 billion funding for Taiwan Semiconductor Manufacturing Co. to expand facilities in Arizona, emphasizing the importance of domestic production for advanced microchips critical for AI and national security.
The funding is linked to the CHIPS and Science Act, a $280 billion package focused on revitalizing U.S. semiconductor manufacturing to prevent supply disruptions like the 2021 chip shortage and enhance military technology.
#biden-administration #semiconductor-manufacturing #domestic-production #national-security #chips-and-science-act
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