Just Before Biden's Term Ends, Taiwan Semiconductor Lands $6.6 Billion in US Funding to Build Advanced Chip Plants

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The United States has agreed to provide up to $6.6 billion in direct funding to Taiwan Semiconductor Manufacturing Co (NYSE:TSM) to build advanced chip facilities in the U.S.

The Biden administration announced that Taiwan Semiconductor's investment will attract $65 billion in private capital to establish three state-of-the-art plants in Arizona.

This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years – here's how there's a limited time opportunity to invest at $1,000 for only $0.50/share before closing date.

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesJapanTaiwan

Topics: AI Generated Top Stories Briefs Government Stories That Matter TSM US8740391003 Tech News access News Media Regulations Benzinga Startups Access

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 06:18:35 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 542 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23653029

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