TSMC Wins Big With $11.6B In US Funding For Arizona Chip Fabs

The United States government has slowly but surely been distributing funds related to the CHIPS and Science Act, with TSMC set to be a recipient of $6.6 billion in grants and up to $5 billion in loans. The money will be used by the company to advance its planned facilities in Arizona. TSMC also announced plans to build out a third factory