Business
TSMC to win more than $5 billion in grants for a US chip plant, Bloomberg reports
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Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, is set to win more than $5 billion in federal grants from the United States government for setting up a chipmaking plant in Arizona, Bloomberg News reported on Friday.
The award is yet to be finalized and it is unclear whether TSMC will tap the loans and guarantees also on offer from the 2022 Chips and Science Act, the report said, citing people familiar with the matter.
TSMC did not immediately respond to a Reuters request for comment.
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