By YourValley
Arizona State University President Michael Crow comments on the Biden-Harris Administration’s April 8 announcement that the U.S. Department of Commerce and TSMC Arizona Corporation have signed a non-binding preliminary memorandum of terms to provide up to $6.6 billion in direct funding under the CHIPS and Science Act.
This proposed funding would support TSMC’s investment of more than $65 billion in three leading-edge fabs in Phoenix, which will manufacture the world’s most advanced semiconductors, a press release explained.
After initially announcing two fabs in the U.S., TSMC Arizona is committing to build a third fab before the end of the decade.
