Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen correspondent: Israeli artillery shelling has resumed in the northwestern area of Nuseirat camp in central Gaza Strip.
Sources to Al Mayadeen: The Pakistani army will hold an important press conference tomorrow regarding the airstrikes that took place in Kabul.
Sources to Al Mayadeen: The leader of Tehrik-i-Taliban Pakistan, Noor Wali Mehsud, was inside the vehicle and was eliminated.
Sources to Al Mayadeen: Pakistani warplanes targeted a vehicle near the Abdul Haq intersection in Kabul.
Hamas: We demand that mediators and the US administration assume their responsibility regarding the occupation's crimes and intervene to compel it to stop bombing civilians.
Hamas: The Netanyahu government is seeking, through massacres, to confuse the mediators' efforts and disrupt efforts to implement the agreement.
Hamas: The massacre committed west of Gaza City, which resulted in the martyrdom and injury of more than 70 civilians, is a new brutal crime.
Israeli Channel 12: Witkoff and Kushner participate in the Israeli cabinet meeting discussing the ceasefire deal.
Al Mayadeen correspondent: A series of Israeli airstrikes targeted areas southwest of Gaza City.
Hamas Gaza chief Al-Hayya: We extend our deep appreciation to those who shared our blood and battle with us from our nation in Yemen, Lebanon, Iraq, and the Islamic Republic of Iran.

TSMC, US agree on construction of third semiconductor plant in Arizona

  • By Al Mayadeen English
  • Source: Agencies
  • 8 Apr 2024 17:24
  • 1 Shares
3 Min Read

The $6.6 billion funding resulted from a Preliminary Memorandum of Terms (PMT) with the US Department of Commerce, intended to contribute to the CHIPS and Science Act.

  • x
  • This photo shows the icon of TSMC (Taiwan Semiconductor Manufacturing Company) during the Taiwan Innotech Expo at the World Trade Center in Taipei, Taiwan, Friday, Oct. 14, 2022. (AP Photo)
    This photo shows the icon of TSMC (Taiwan Semiconductor Manufacturing Company) during the Taiwan Innotech Expo at the World Trade Center in Taipei, Taiwan, Friday, Oct. 14, 2022 (AP Photo)

The Taiwan Semiconductor Manufacturing Company (TSMC) announced on Monday a $6.6 billion plan to launch the construction of a third semiconductor plant in Arizona in collaboration with the US Department of Commerce.

According to the company, the $6.6 billion funding resulted from a Preliminary Memorandum of Terms (PMT) with the US Department of Commerce, intended to contribute to the CHIPS and Science Act.

It further stated that the decision to build a third semiconductor plant is driven by strong customer demand and aims to meet the growing need for advanced semiconductor products in the US.

"TSMC today announced that the U.S. Department of Commerce and TSMC Arizona have signed a non-binding preliminary memorandum of terms (PMT) for up to US$6.6 billion in direct funding under the CHIPS and Science Act. TSMC also announced plans to build a third fab at TSMC Arizona to meet strong customer demand leveraging the most advanced semiconductor process technology in the United States," the statement read.

The statement also indicated that, in addition to the $6.6 billion in direct financing, the memorandum also provides access to up to $5 billion in loans for TSMC.

Related News

Trump nominee backs Taiwan defense boost to 10% of GDP to face China

Taiwan, Ukraine ally, is biggest importer of Russian crude oil product

Read more: Chip War: US to press ASML, Netherlands, against chip exports to China

In a statement published by the White House earlier today, US President Joe Biden said that with the addition of its first two plants in Arizona, TSMC's overall investment in the capacity to produce cutting-edge semiconductors in the US state will reach $65 billion.

"The agreement also dedicates $50 million of CHIPS funding to training and developing the local workforce, so workers don't have to leave their hometowns to find good-paying jobs in innovative industries," the White House statement read.

According to the company, the three plants are anticipated to generate 6,000 direct high-tech, high-wage jobs, along with more than 20,000 accumulated unique construction jobs, and tens of thousands of indirect supplier and consumer jobs.

The Chips and Science Act passed in August 2022, allocated $280 billion in funding aimed at narrowing the gap between major global semiconductor producers and the lagging domestic production in the US.

In 2020, TSMC announced plans to construct its first semiconductor plant in Arizona, with an investment of $12 billion. Then, in 2022, the company announced the development of a second plant, increasing the investment to $40 billion. The first plant is set to commence production utilizing 4-nanometer technology in the first half of 2025. Meanwhile, the second plant will focus on manufacturing the next-generation advanced 2-nanometer process technology, with production scheduled to commence in 2028.

Read more: Taiwanese TSMC accepts $3.8 bln Germany microchips factory plan

  • Taiwan
  • US Department of Commerce
  • TSMC
  • trade war
  • semiconductors
  • CHIPS act

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
The Palestinian resistance and the people of Gaza showed that after combating Israeli aggression for two years, they remain victorious in the face of oppression (Mahdi Rteil/Al Mayadeen English)

Al-Aqsa Flood two years on, a tale of victory

  • Politics
  • 6 Oct 2025

Coverage

All
In Five

Read Next

All
Displaced Palestinians watch smoke rise after Israeli military strikes as they gather on the coastal road near Wadi Gaza, in the central Gaza Strip, Thursday, October 9, 2025 (AP)
Politics

Israeli occupation bombs Gaza home, killing 4 and wounding 9

Israeli Prime Minister Benjamin Netanyahu and National Security Minister Itamar Ben-Gvir, right, visit the site of a shooting attack at a bus stop in al-Quds, Monday, September 8, 2025 (AP)
Politics

Ben-Gvir warns will topple Netanyahu’s govt over Hamas

Head of Hamas in Gaza Khalil al-Hayya speaks during an interview with AP, in Istanbul, Turkey, Wednesday, April 24, 2024 (AP)
Politics

Deal reached for permanent Gaza ceasefire, end to war: Al-Hayya

Yemeni Ansar Allah leader Sayyed Abdul-Malik al-Houthi during his speech on Thursday, Ocotber 9, 2025 (Yemeni Military Media)
Politics

Sayyed al-Houthi: Yemen on alert as Gaza ceasefire takes effect

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS