WASHINGTON/TAIPEI -- Buttressed by a U.S. federal grant of $6.6 billion, Taiwan Semiconductor Manufacturing Co. has agreed to increase its U.S. investment by more than 60% to over $65 billion and produce the world's most advanced 2-nanometer chips on American soil.
U.S. Commerce Secretary Gina Raimondo said TSMC will also build a previously unannounced third chip plant in Phoenix, Arizona, that will be operational by the end of the decade.
