U.S. Commerce Department To Award TSMC $6.6B Subsidy and Up To $5B in Low-Cost Loans For Semiconductor Production in Phoenix, AZ
Portfolio Pulse from Charles Gross
The U.S. Commerce Department plans to award TSMC a $6.6 billion subsidy and up to $5 billion in low-cost loans for expanding semiconductor production in Phoenix, Arizona, according to Reuters.
April 08, 2024 | 9:23 am
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TSMC is to receive a $6.6 billion subsidy and up to $5 billion in low-cost loans from the U.S. Commerce Department for semiconductor production in Phoenix, Arizona.
The financial support from the U.S. Commerce Department is a significant boost for TSMC's operations and expansion in the United States, particularly in the strategic semiconductor industry. This move is likely to enhance TSMC's production capabilities and competitiveness in the global market, potentially leading to increased revenue and profitability in the short term. The substantial investment and support from the U.S. government underscore the strategic importance of semiconductor production and could lead to positive investor sentiment towards TSMC.
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