“Chip-Making Giant TSMC Gets $6.6 Billion for Arizona Project” -WSJ 👀

- Taiwan Semiconductor Manufacturing Co. (TSMC) is getting up to $6.6 billion from the U.S. government for a factory complex in Phoenix - TSMC will invest more than $65 billion in total and add a third chip factory to the complex - The funding is part of an effort to regrow the domestic semiconductor industry in the U.S. - The project is under the Chips Act, which aims to bring chip-making back to the U.S. - TSMC is making currently cutting-edge 2-nanometer chips in Arizona - Other companies like Intel and GlobalFoundries have also received funding under the Chips Act - The project is expected to create construction jobs, permanent jobs, and bring in suppliers