The Biden administration has pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona. The proposal would also better ensure that the most-advanced microchips are produced domestically for the first time. Commerce Secretary Gina Raimondo said the funding for Taiwan Semiconductor Manufacturing […]
Audio
Biden administration announces $6.6 billion U.S. microchips plan
The Biden administration has pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona. The proposal would also better ensure that the most-advanced microchips are produced domestically for the first time. Commerce Secretary Gina Raimondo said the funding for Taiwan Semiconductor Manufacturing means the company can expand on its existing plans for two facilities in Phoenix. It could also add a third, newly announced production hub.