The United States will award Taiwanese chip giant TSMC up to $6.6 billion in direct funding to help build several plants on US soil, officials said Friday, finalizing the deal before a new administration enters the White House.

The U.S. Commerce Department said Friday it has finalized a $6.6 billion government subsidy for Taiwan Semiconductor Manufacturing Co's U.S. unit for semiconductor production in Phoenix, Arizona.

Commerce Department has finally agreed to release $6.6 billion to help fund the Phoenix plant being built by TSMC. Trump has criticized the plan.

The Biden administration said on Friday that it had completed an agreement to award Taiwan Semiconductor Manufacturing Company up to $6.6 billion in grants, as federal officials race to put in place their plans to boost U.

The U.S. Department of Commerce announced today that it has awarded $6.6 billion in government subsidy to Taiwan Semiconductor Manufacturing Co (TSMC) for its Phoenix, Arizona production endeavors.

The Biden-Harris Administration and U.S. Department of Commerce announced Friday that Taiwan Semiconductor Manufacturing Company’s Arizona Corporation has been awarded up to $6.6 billion in funding.

WASHINGTON: The United States will award Taiwanese chip giant TSMC up to US$6.6 billion in direct funding to help build several plants on US soil, officials said on Friday (Nov 15), fina

U.S. Commerce Department finalizes $6.6 billion subsidy for TSMC's U.S. unit in Arizona, boosting domestic semiconductor production.

The White House on Friday announced it had finalized an agreement with a major semiconductor manufacturer to invest billions of dollars in facilities in Arizona as President Biden looks to cement parts of his legislative legacy before leaving office in January.