The Department of Commerce announced the award of up $6.6 billion in funding to TSMC Arizona Corporation (TSMC Arizona), a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC), under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities. This award will support TSMC’s investment of more than $65 billion to construct three leading-edge semiconductor fabrication facilities in Phoenix, Arizona. The first fabrication facility is set to open and start production in the first half of 2025, the second fabrication facility is expected to open and start production in 2028, and the third fabrication facility is set to open and begin production by the end of the decade. The facilities are projected to create over 20,000 accumulated construction jobs and over 6,000 direct manufacturing jobs.
