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TSMC awarded $11.6 billion CHIPS funding ahead of Trump presidency.
The announcement secures the preliminary agreement that was made in April to help construct a new semiconductor factory in Phoenix, Arizona by 2030. President-elect Donald Trump has criticized the CHIPS Act, which now faces an uncertain future when he retakes the White House.
The statement from President Joe Biden says:
Today’s announcement is among the most critical milestones yet in the implementation of the bipartisan CHIPS & Science Act, and demonstrates how we are ensuring that the progress made to date will continue to unfold in the coming years, benefitting communities all across the country.
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