News U.S Department of Commerce finalizes $6.6 billion CHIPS Act funding for TSMC Fab 21 Arizona site

[Admin]

TSMC and the U.S. Department of Commerce finalized a deal Friday, granting TSMC $6.6 billion in funding and $5 billion in loan guarantees under the CHIPS Act to build its Fab 21 site in Arizona.

U.S Department of Commerce finalizes $6.6 billion CHIPS Act funding for TSMC Fab 21 Arizona site : Read more

 

[ezst036]

That's actually pretty funny.

American lobbyists worked this hard to cobble together this CHIPS monstrosity and the ?first recipient? (If there was others. I know Intel is over there whining like a toddler they haven't gotten any welfare yet)

Is going to be a foreign company. Irony comes in all flavors. Even if TSMC is second or third, the irony is not zero.

 

[DS426]

Oh man, Pat G. is going to be even more PI**ED!!

Don't forget that TSMC is going to charge customers more for specifying where their chips are produced, so they get better margins when the U.S. wants U.S.-made chips at TSMC fabs. Then, with the direct funding, loans, and tax breaks, and then treating American workers as inferior (allegedly) doesn't have good optics.

So, while encouraging foreign investment in the U.S. is great and all (though with caveats and not in all cases), the U.S. Gov can't pretend that all of this funding will pay itself back over time.