Taiwan Taiwan receives US grants and loans with $ 11.6 billion to build chips

The United States plans to give Taiwan Siwan SiicConductor Manufacturing, known as TSMC, granted $ 6.6 billion and loans of up to $ 5 billion, to help build the largest slide manufacturer in the world in the state of Arizona, which supports the efforts to improve Joe Biden. According to the initial agreement announced by the United States on Monday, TSMC will set up a third factory in Phoenix, in addition to two other state manufacturers expected to start during 2025 and 2028. In total, the Grant and Loans program will support pump investments of more than $ 65 billion in the three factories by TSMC, which is the basic disc manufacturer for companies such as “Apple” and “Invidia”. Also read: “TSMC” targets 60% local supplies for the first factory in Japan in 2030 The third manufacturing site “TSMC” will adopt the next generation of 2 Nm chips technology, and is scheduled to start running before the end of the contract. The US Secretary of Trade Gina Raymondo said that 2 pm chips are needed for emerging technologies such as artificial intelligence, as well as for military uses. “For the first time ever, we will make the most advanced connections in the world here in the United States with US hands,” Raymondo said at a press conference before the announcement. TSMC plans to manufacture 2 pm in Taiwan during 2025. A milestone that provides the grants provided to TSMC is another milestone in Biden’s efforts to improve the US semiconductor industry under the chips and science law for 2022. billion, to persuade semiconductor companies to produce slides on US land after decades of production abroad. Also read: “TSMC” can receive $ 5 billion US grants to support the US deposit certificates of TSMC with 2% in early trading before opening the market after announcing these financial prices. Intel has already signed a preliminary agreement for granting and loans worth about $ 20 billion, while Samsung Electronics in South Korea will receive a grant of more than $ 6 billion. The Ministry of Trade has also handed over three awards to companies that earn the old generation chips, and it is expected to announce a package of billions of dollars for Micron Technology in the coming weeks. Also read: Intel is receiving $ 3.5 billion to produce US hosts at the same time. Companies have announced US investments worth more than $ 200 billion since Biden has been in power, with the appearance of the largest groups in Arizona, Texas and New York. The agreement, which was unveiled on Monday, comes months after negotiations with the Ministry of Trade and “TSMC”, the largest slides in the world in terms of market share. In a comment on the case, Mark Liu, chairman of the Council of Directors of TSMC, said in a statement that “the proposed financing of the discs and science law will give the opportunity to pump unprecedented investments and provide the massage service for the most advanced manufacturing technologies in the United States.” The “TSMC” business in Phoenix offers additional political bets for Biden, who beat Donald Trump in Arizona by about 10,000 votes during 2020, and strive a very competitive victory in the state to secure his re -election. Although the investment in Arizona began during the last year of Trump’s presidential period, TSMC projects in the US state have become increasingly intertwined with the Biden campaign message on the revival of the economy. Also read: “TSMC” restores its position among the top 10 valuable businesses in the world. Arizona benefited from some of the most important profits made by the Chips Law, as “Intel” was a tremendous extension, along with dozens of supply chain initiatives. Raymondo said the ‘TSMC’ award includes $ 50 million financing to train local workers, and that it will provide 6 thousand jobs in producing high Tech and more than 20 thousand jobs in the field of construction. The project is expected to benefit from the tax exemption for investment, according to another senior administrative official who spoke on the matter, provided his identity is not disclosed before the announcement. Many obstacles have seen “TSMC” are several obstacles, including months of conflict with trade unions that in turn led to the delay in production in the first factory. The production of 2 pm and 3 pm in the second factory was postponed from 2026 to 2028 due to the market conditions, and the uncertainty over the support levels of the US government. At least one TSMC supplier has also canceled his planned project in Arizona due to the problems associated with the workforce. It is scheduled to take a few months for TSMC to receive the promised financing, as the company enters the necessary care period before reaching a final and binding agreement. Then the funds will be distributed based on construction and production standards, and it can be recovered if TSMC does not fulfill the text of the agreement. It is also noteworthy that the company has other international projects implemented in Japan and Germany. TSMC held an opening ceremony for its financial subsidies, Kumamoto, supported by the government of Japan this year.