TSMC funding

#TSMC #Arizona is at the forefront of onshoring #semiconductor manufacturing, playing a crucial role in boosting national economic competitiveness and ensuring leadership in the 5G/6G and AI era. As the largest foreign direct investment in a greenfield project in the U.S. history, TSMC Arizona is expected to create more than 6,000 high-tech, high-wage jobs while showcasing the most advanced chipmaking technology in the U.S. Furthermore, according to the Greater Phoenix Economic Council, our Arizona facilities will generate more than 20,000 unique construction jobs and tens of thousands of indirect jobs this decade, forming a leading-edge cluster in Arizona. Entering this phase of the U.S. CHIPS and Science Act marks a pivotal step in strengthening the advanced semiconductor manufacturing ecosystem in the United States. We have made tremendous progress in Arizona and we are grateful to the ongoing collaboration with our customers, partners, local communities and the U.S. government beginning in early 2020. #TSMCAZ #Innovation #EconomicGrowth #Collaboration Learn more about the news: https://shorturl.at/yo7B8

📢 TSMC Secures $6.6 billion U.S. Grant for Arizona Expansion 💰 $65B Investment: Taiwan Semiconductor ups its Arizona commitment from $25B to $65B, marking the largest foreign direct investment in U.S. history. 💻 Cutting-Edge Tech: New facilities will produce 2-nanometer chips by 2028, supporting AI and autonomous vehicle industries. 🤝 Strategic Move: Agreement finalized by Biden ahead of Trump’s term. Trump has threatened to roll back the CHIPS Act. 💱 Profit Sharing: TSMC to share excess profits with the U.S. government and pause stock buybacks for 5 years. TSMC is the largest provider of chips to companies like NVIDIA that are pushing technological innovations across multiple industries. Impact on Phoenix CRE: 🚀 Rising demand for industrial, office, and housing spaces. 🚀 Potential boost in property values and economic growth. 💬 How do you see the US microchip industry expansion influencing the commercial real estate landscape? #TSMC #Semiconductors #EconomicGrowth #Innovation

"[TSMC] Taiwan Semiconductor Manufacturing Company and Joe Biden’s administration have [finalized] more than $11bn in #grants and #loans to support the company’s #US chipmaking plans, as the [The White House] pushes to distribute subsidies before Donald Trump takes office. The deal with the world’s biggest #chipmaker, which includes up to $6.6bn in grants and up to $5bn in loans, is the first major award under the Chips Act to be [finalized]. It is also the largest foreign #investment in a new #manufacturing project in US history, according to the [U.S. Department of Commerce]."

HUGE News! This #investment will support TSMC Arizona’s planned private investment of more than $64 billion in three leading-edge fabs in Phoenix, AZ and commitment to produce A16 technology- strengthening U.S. economic and national security. It also incentivizes creation of a leading-edge #economic cluster #development in Phoenix and over 20,000 jobs. The U.S. Department of Commerce will disperse the funds based on completion of project milestones. Cynthia J. Aragon, MBA https://lnkd.in/eVYYvrjS