Taiwan Semiconductor To Get Up To $6.6 Billion In CHIPS Act Funding -- MarketWatch

Dow Jones11-15 18:20

Taiwan Semiconductor Manufacturing Co. is being awarded up to $6.6 billion in CHIPS Act funding, the Commerce Department said Friday. The award will support the company's planned investment of more than $65 billion in three greenfield leading-edge fabs in Phoenix, Ariz., and be disbursed based on the completion of project milestones. The government said it was the largest foreign direct investment in a greenfield project in U.S. history. The first of the three facilities is set to open next year.

-Steve Goldstein

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November 15, 2024 05:20 ET (10:20 GMT)

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