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Published on 8 Mar 2024 on Benzinga

TSMC To Win $5B Grant For US Plant To Service Apple, Nvidia Chip Demand: Report - Apple...

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Taiwan Semiconductor Manufacturing Corp. TSM is expected to win up to $5 billion in grants from the U.S. government for building a chip fabrication facility in Arizona.

Bloomberg reported on Friday, citing sources familiar with the matter, that the world’s largest contract chipmaker would soon be announcing the deal, although it wasn’t clear whether the award would come from the $52 billion CHIPS Act fund for boosting U.S. semiconductor manufacturing.

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