The accomplishment is a sign of progress for Washington’s efforts to revitalize semiconductor manufacturing in the US.
TSMC, the main chip manufacturing partner for Nvidia Corp and Apple Inc, is in line to win US$6.6 billion in US government grants and US$5 billion in loans — plus 25 percent tax credits — to build three fabs in Arizona. The award, like almost all others from the 2022 CHIPS and Science Act, is not yet finalized.