The agreement will see government funds handed out to TSMC on a project milestone basis, with the first $1 billion expected to be transferred before the end of this year.
This is the largest foreign direct investment in a greenfield project in the history of the United States.
...for the first time in decades an American manufacturing plant will be producing the leading-edge chips used in our most advanced technologies - from our smartphones, to autonomous vehicles, to the data centers powering artificial intelligence.
TSMC plans to manufacture 4nm chips in Arizona next year, followed by 3nm chips in 2028 using the N2 and A16 nanosheet process technologies.
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