The Commerce Department will provide TSMC up to $6.6 billion in direct funding for semiconductor manufacturing facilities in Arizona, alongside proposed loans of $5 billion.
This investment is expected to create 6,000 direct manufacturing jobs and over 20,000 unique construction jobs, contributing significantly to the U.S. economy.
Commerce Secretary Gina Raimondo highlighted that this project is foundational to U.S. technological and economic leadership, emphasizing the importance of advanced chips for future innovation.
TSMC is anticipated to produce its most advanced chips in Arizona by 2028, pivotal for faster devices and AI technology.
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