TSMC's Chips Act Award Finalized by US, With Funds Coming This Year.

The Biden administration has finalized a $6.6 billion incentive award for Taiwan Semiconductor Manufacturing Co. (TSMC) as part of the Chips Act program to bring semiconductor production back to the US. TSMC will also receive up to $5 billion in loans, with at least $1 billion of the total to be disbursed this year. This agreement marks a significant step in bringing cutting-edge semiconductor manufacturing capabilities back to the US, with more deals expected to be completed in the coming weeks as part of the country's industrial policy. [Extracted from the article]