The United States Department of Commerce announced that it granted a government subsidy for 6.6 billion dollars (million dollars) for the construction of a plant for the chip manufacturer. Taiwan Semiconductor Manufacturing Co (TSMC) in Phoenix, Arizona.
The announced award is the first of great relevance that is carried out within the framework of the 52,700 million dollar program created in 2022 and will be one of the last of the current administration before Donald Trump’s returnwho criticized the program to the White House.
The second TSMC unit in the United States will produce the 2 nanometer technology most advanced in the world, its production is projected to start in 2028.
Last April, the Hsinchu, Taiwan-based firm announced that would increase your investment on US soil from $25 billion to $65 billion and would add a factory recipe in Arizona by 2030.
The US Secretary of Commerce, Gina Raimondo, recalled the skepticism shown by some detractors of joint work when mentioning that the company was looking to build 5 or 6 nanometer chips in the United States, however, is putting together the most sophisticated technology.
Agreement between TSMC and EU
The award to TSMC also includes $5 billion in government loans low cost. The Asian company will receive cash as it meets the project’s objectives.
Before the end of this year, US authorities hope to deliver a minimum of 1,000 mdd to the company headed by CC Weian official told reporters.
The company also committed to give up share buybacks for the next 5 years, although some exceptions were made, and must share any excess profits with the US government.
Through a statement, the CEO of TSMC indicated that the agreement “helps us accelerate technology development “most advanced semiconductor manufacturing facility available in the United States.”
With information from Reuters
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