![Cosmico - U.S. Finalizes TSMC's $6.6 Billion CHIPS Act](/content/images/size/w600/2024/11/us_finalizes_tsmc_6_billion_chips_act_2024_cosmico_business_tech_insights.webp)
Semiconductors
U.S. Finalizes TSMC's $6.6 Billion CHIPS Act
The U.S. government has finalized a $6.6 billion grant to Taiwan Semiconductor Manufacturing Co. (TSMC) under the CHIPS Act, aiming to boost domestic semiconductor production. TSMC plans to invest $65 billion in a three-factory complex in Arizona, with the first facility set to open early next year. The