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Biden locks in $6.6B for TSMC chip factories

chip

Taiwan Semiconductor Manufacturing Co. plans to invest over $65 billion to build three factories in Phoenix.

 city of Phoenix

WASHINGTON � The Biden administration has finalized a $6.6 billion award for the Taiwan semiconductor giant that is building massive factories in Phoenix, amid concerns President-elect Donald Trump will derail subsidies aimed at fostering the domestic chip industry.

“This is a gigantic announcement,� Secretary of Commerce Gina Raimondo told reporters on a call ahead of the announcement early Friday, 10 days after Trump’s election.



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