ASU President responds to TSMC’s CHIPS funding

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.

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