The United States Department of Commerce announced a new round of funding for TSMC under the CHIPS and Science Act. TSMC is in line to receive $6.6 billion in direct funding and $5 billion in loans for its semiconductor production in Phoenix, Arizona. TSMC is also eligible to apply for an investment tax credit covering up to 25% of capital expenditures. TSMC semiconductor manufacturing fab site in Phoenix, Arizona TSMC announced its plans to build a third chipset fab at its Arizona complex...
The CHIPS Act was designed to restart the semiconductor industry in the U.S. And the investment in TSMC and elsewhere seems to be helping.
(The Center Square) – Taiwan Semiconductor Manufacturing Company continues to expand its endeavors in the desert. The company, which makes computer chips for use in a wide variety of technology, will be building a third fab in the Phoenix area. According to a news release from TSMC, the fabs will create an estimated 6,000 jobs at the facilities themselves, and 20,000 jobs in the construction process. The announcement increases the company's investment to $65...
President Biden’s CHIPS Act money continues to get doled out to semiconductor manufacturers. The White House just announced that the Taiwan Semiconductor Manufacturing Company (TSMC) is receiving $6.6 billion in grants to build three fabrication plants, otherwise called fabs, in the region of Phoenix, Arizona. This is in addition to around $5 billion in government loans. As part of this deal, TSMC agreed to expand its planned investment in Arizona by $25 billion, to $65 billion. The company...
TSMC is set to receive up to $6.6 billion in CHIPS Act funding to support its investment into three manufacturing sites in Arizona.
In addition to the proposed amount, the CHIPS Program Office will also provide $5 billion in low-cost loans, a statement by US Department of Commerce said.
TOPEKA (KSNT)- Kansas lawmakers have reached a deal on education funding. A conference committee finalized a plan early Saturday morning. Nexstar's Kansas Capitol Bureau spoke with public education advocates following the meeting. Leah Fliter, a spokeswoman for the Kansas Association of School Boards said the bill is a compromise. Lawmakers agreed to adopt more money []
The Alabama House and Senate have passed sharply different gaming bills this legislative session.
The six members, called conferees, will attempt to forge an agreement over the different versions of the expansion plan that have passed the House and Senate.
Canada's AI industry receives a $2.4 billion federal funding boost, signaling a push for innovation and adoption across sectors, with concerns over regulatory adequacy.
Enterprise tech giant Cisco unveiled a new security product, called HyperShield, which it says aims to secure clients' data and devices with the help of AI.
The US has said previously that the UH-60 deal will "improve the Hellenic Army’s ability to deploy combat power to secure Greece’s borders, deter actions against its interests, and, when required, respond with credible force."