U.S. offers TSMC up to $6.6 billion for Arizona factories as Biden pushes for chip security

U.S. Secretary of Commerce Gina Raimondo testifies during the House Science, Space and Technology Committee hearing titled "Chips on the Table: A one year review of the CHIPS and Science Act," in the Rayburn Building in Washington, D.C., on Sept. 19, 2023.TSMC's Arizona subsidiary is set to receive up to $6.6 billion in U.S. government funding under a preliminary agreement announced by the Joe Biden administration on Monday. The funding, under the US CHIPS and Science Act, will support TSMC's more than $65 ...