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

April 8, 2024

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 …

Chipmaker TSMC returns to the list of world’s 10 most valuable companies: Here’s what led to its comeback

March 12, 2024

Taiwan Semiconductor Manufacturing Company (TSMC) has reclaimed a spot in the list of the world’s 10 most valuable companies, riding the optimism of the artificial intelligence (AI) boom in the tech industry that pushed its stock to record levels.According to a report by Bloomberg, TSMC’s stock rallied 14% last week, elevating the chipmaker’s market capitalisation …