Taiwan Semiconductor secures CHIPS Act funding for three Arizona plants
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Taiwan Semiconductor Manufacturing Co. (TSMC) has been awarded up to $6.6 billion in CHIPS Act funding by the U.S. Commerce Department to support the development of three semiconductor plants in Arizona.
November 15, 2024 | 11:00 am
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TSMC has secured up to $6.6 billion in CHIPS Act funding for its Arizona plants, which is likely to enhance its production capabilities and strengthen its position in the U.S. market.
The significant funding from the CHIPS Act will likely enhance TSMC's production capabilities in the U.S., potentially leading to increased revenues and a stronger market position. This positive development is expected to have a favorable impact on TSMC's stock price in the short term.
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IMPORTANCE 90
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