TSMC receives $6.6 billion from CHIPS Act and announces third fab in Arizona

April 8, 2024
Additionally, TSMC may receive up to $5 billion in loans from the U.S. government.

TSMC Arizona has just signed a non-binding preliminary memorandum of terms (PMT) with the U.S. Department of Commerce. As part of the agreement, TSMC will receive $6.6 billion in direct funding made possible by the CHIPS and Science Act. Additionally, TSMC may receive up to $5 billion in loans from the U.S. government. The company also announced plans to apply for U.S. Treasury Department Investment Tax Credits of up to 25% of the qualified capital expenditure at TSMC Arizona.

About the Author

Alexis Gajewski | Senior Content Strategist

Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector. 

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