U.S. Government Approves US$6B for TSMC in Arizona Before Trump Takes Office

TaiwanPlus News

Taiwanese chipmaking giant TSMC has won a US$6.6 billion subsidy for its project to build three plants in Arizona before U.S. President-elect Donald Trump, who has criticized the Biden administration's policy of subsidizing foreign chipmakers, takes office in January.

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00:00chipmaking giant TSMC is to get 6.6 billion U.S. dollars in subsidies from the U.S. government

00:06to help build its Arizona plant project. The first of these Taiwanese firms' three planned

00:12plants in Arizona could be operational early next year. The U.S. also plans loans of up to

00:185 billion dollars to boost the project, which aims to bring cutting-edge semiconductor production

00:24back to the country. The decision comes before President-elect Donald Trump takes office in

00:29January. Trump has previously criticized the policy to subsidize foreign chipmakers in the U.S.,

00:36describing it as so bad.

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