Reported 9 days ago
The US Commerce Department has finalized a $6.6 billion subsidy for Taiwan Semiconductor Manufacturing Co. (TSMC) to support semiconductor production in Phoenix, Arizona. This marks the first major contract under a $52.7 billion program aimed at boosting domestic chip manufacturing. TSMC plans to produce advanced 2 nanometer technology by 2028 at its new facility, while also agreeing to forgo stock buybacks for five years and share excess profits with the US government. The agreement comes as the country aims to enhance its semiconductor capabilities amid growing competition and security concerns related to technology exports.
Source: YAHOO