The United States has completed its subsidy agreements with TSMC [Tweakers & Reuters ]
$Taiwan Semiconductor (TSM.US)$ Under the agreement, the Taiwanese chipmaker will receive $6.6 billion to build multiple chip factories in the state of Arizona. The company also says it will deploy its A16 process in the United States.
The Chips and Science Act was officially passed in the summer of 2022. Under the law, the US government will release more than 50 billion dollars for the chip sector, partly in the form of subsidies for the construction of new chip factories. In addition to TSMC, Intel, Samsung, Micron TECHNOLOGY and Global Foundries also receive government subsidies. Bloomberg previously reported that Biden will accept the subsidies.
The Chips and Science Act was officially passed in the summer of 2022. Under the law, the US government will release more than 50 billion dollars for the chip sector, partly in the form of subsidies for the construction of new chip factories. In addition to TSMC, Intel, Samsung, Micron TECHNOLOGY and Global Foundries also receive government subsidies. Bloomberg previously reported that Biden will accept the subsidies.
The US Department of Commerce confirmed on Friday that the agreement with TSMC has been finalized. In April, the American government already announced these plans with TSMC, but at that time it was still a provisional agreement. Under the agreement, TSMC will receive $6.6 billion in direct funding from the U.S. government. The company can also take out $5 billion in cheap loans from the government.
The subsidy agreements with TSMC have now been FINALIZED, just before Donald Trump starts his second term as President of the United States. Trump was previously critical of the Chips and Science Act, which made the underlying subsidy possible. According to him, high import tariffs on chips from abroad are sufficient incentive for chip makers to build factories in the US . ![]()
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for semiconductors sector even in downwards movements
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