CHIPS and Science Act

TSMC snags $6.6 billion in CHIPS Act funding to open three factories in Arizona

President Biden’s to semiconductor manufacturers. The White House Taiwan Semiconductor Manufacturing Company (TSMC) is receiving $6.6 billion in grants to build three fabrication plants, otherwise called fabs, in the region of Phoenix, Arizona. This is in addition to around $5 billion in government loans. As part of this deal, TSMC agreed to expand its planned …

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White House announces 31 U.S. tech hubs to boost innovation

In a move designed to boost U.S. competitiveness and innovation in the tech sector, the White House on Monday designated 31 tech hubs located across the country. The Tech Hubs program was authorized by the CHIPS and Science Act, signed by President Biden last year, and is part of the president’s “Bidenomics” agenda aimed at …

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