Chip giant seeks billions of dollars from feds for Arizona plants

Aerial photos show TSMC construction progress in May 2022, about a year after breaking ground. TSMC reported in an earnings call Thursday it hired 900 workers in Arizona for its north Phoenix fabs. Via TSMC.

By Amy Edelen | Phoenix Business Journal

Taiwan Semiconductor Manufacturing Co. is seeking up to $15 billion in tax credits and grants from the federal government to support its Arizona semiconductor plants amid concerns about subsidy criteria, the Wall Street Journal reported Wednesday.

TSMC expects to receive $7 billion to $8 billion in tax credits under the CHIPS Act, in addition to $6 billion to $7 billion in grants for its Arizona plants, according to the WSJ, citing people familiar with the matter.

Read the full subscription story from the Phoenix Business Journal.

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.