Logo 10 Apr 2024

TSMC gets Chips Act grant

Well, that sure is a big, fat carrot.
On Monday, Taiwanese semiconductor giant TSMC announced that it has reached a preliminary, non-binding funding deal with the US government under the Chips and Science Act. TSMC will get:

USD 6.6 billion in grants
Up to USD 5 billion in low-interest loans

That...

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