Biden Announces Deal With Taiwan’s TSMC to Ramp Up US Chip Production from firms database Watch Video

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✓ Published: 08-Apr-2024

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Biden Announces Deal With Taiwan’s TSMC , to Ramp Up US Chip Production.<br/>On April 8, the White House said that it has reached an agreement with TSMC to help build new semiconductor manufacturing facilities in Arizona, 'The Hill' reports. .<br/>The Biden administration will <br/>provide up to $6.6 billion in funding <br/>via the CHIPS and Science Act.<br/>The president said that the money <br/>will “support the construction of <br/>leading-edge semiconductor manufacturing facilities right here in the United States.” .<br/>Funding would also go toward <br/>training local workforces at the new facilities.<br/>A year and a half ago, I toured <br/>the site of TSMC’s first new <br/>fab in Phoenix, Arizona, President Joe Biden, via statement.<br/>TSMC’s renewed commitment <br/>to the United States, and its <br/>investment in Arizona.., President Joe Biden, via statement.<br/>... represent a broader story for <br/>semiconductor manufacturing that’s <br/>made in America and with the strong <br/>support of America’s leading technology firms <br/>to build the products we rely on every day, President Joe Biden, via statement.<br/>America's ability to produce its own microchips remains a key area of concern for Biden.<br/>The CHIPS and Science Act, which was passed <br/>with bipartisan support in 2022, is intended to <br/>make the U.S. less dependent on foreign suppliers.<br/>The White House has also made <br/>agreements with Intel, GlobalFoundries <br/>and Bae Systems, 'The Hill' reports.