TSMC's CHIPS Act Grant: Has Arizona Reached A Tipping Point?

Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, Arizona, ... [+] Photographer: Caitlin O'Hara/Bloomberg© 2022 Bloomberg Finance LP The Department of Commerce CHIPS Program Office announced a $6.6 billion grant to the Taiwan Semiconductor Manufacturing Company (TSMC) this morning. As part of the announcement, the company said it will build a third semiconductor chip fab in Arizona, and that it will also bring its most advanced manufacturing processes to the U.S. This is on top ...