Biden Announces Deal With Taiwan’s TSMC , to Ramp Up US Chip Production.<br />On April 8, the White House said that it has reached an agreement with TSMC to help build new semiconductor manufacturing facilities in Arizona, 'The Hill' reports. .<br />The Biden administration will <br />provide up to $6.6 billion in funding <br />via the CHIPS and Science Act.<br />The president said that the money <br />will “support the construction of <br />leading-edge semiconductor manufacturing facilities right here in the United States.” .<br />Funding would also go toward <br />training local workforces at the new facilities.<br />A year and a half ago, I toured <br />the site of TSMC’s first new <br />fab in Phoenix, Arizona, President Joe Biden, via statement.<br />TSMC’s renewed commitment <br />to the United States, and its <br />investment in Arizona.., President Joe Biden, via statement.<br />... represent a broader story for <br />semiconductor manufacturing that’s <br />made in America and with the strong <br />support of America’s leading technology firms <br />to build the products we rely on every day, President Joe Biden, via statement.<br />America's ability to produce its own microchips remains a key area of concern for Biden.<br />The CHIPS and Science Act, which was passed <br />with bipartisan support in 2022, is intended to <br />make the U.S. less dependent on foreign suppliers.<br />The White House has also made <br />agreements with Intel, GlobalFoundries <br />and Bae Systems, 'The Hill' reports.
