Taiwan Semiconductor Manufacturing Co. (TMSC) is the first CHIPS Act awardee to get part of the money that the government has promised. The Biden administration has finalized its grants for TSMC, which expects to receive $6.6 billion in grants as part of their agreement to grow semiconductor production in the US. TSMC will also loan another $5 billion from the government to fund the expansion of its planned $65 billion three-factory complex in Arizona. According to Bloomberg, it’s getting at least $1 billion from the total before the year ends, since it has already met a certain set of requirements.
In October,
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