TSMC to receive $6.6 Billion in direct funding for Arizona chip plant

08 April 2024
TSMC is in line to receive $6.6 billion in direct funding and $5 billion in loans for its semiconductor production in Phoenix, Arizona.

Sort by:

So this is not government subsidising an industry?
USA = hypocrisy

    • ?
    • Anonymous
    • pKL
    • 08 Apr 2024

    They are basically financing the build with that funding. It's an amazing offer for TSMC. US Govt know what they are doing. This time they are thinking 5-10 years down the road

      Anonymous, 08 Apr 2024I just moved here. And it is very hard to find a job. You c... moreIt's hard to find a job if you have no degree. If you have a GED, you can qualify for some respectable jobs but I digress, the USA is a wretched place that everyone sees as the holy grail of freedom. Trying to stomp out China in the AI race, not banning the gun problem here and we're (i mean they're) in debt

      The government is in terrible debt. 30 trillion dollars is unfathomable to some. You could buy a continent with that much money. I don't mean anything small. According to Wikipedia, you can buy either UK, France or India roughly twice if you some left over.

        • j
        • jardy
        • xjH
        • 08 Apr 2024

        A sneaky way to control and own TSMC in the future to hinder future competitors. You know who their target is. They are very afraid that the country will become stronger than Them.

          • D
          • Dobridin
          • S9u
          • 08 Apr 2024

          And then US sancion chinese brands for recieving funds from the goverment and for being unloyal competition for the other manufacturers

            Anonymous, 08 Apr 2024I just moved here. And it is very hard to find a job. You c... moreI don't deny that at all. It's just that, in the grand scheme of things, you could definitely use $6.6 billion to give more than 7,000 jobs. That $6.6 billion going to this chip fab could be used for much better things that create way more jobs that are in the range of maybe even several million people. Or, my view is that the government should spend less, but that $6.6 billion could've been spent responsibly and created enough jobs to provide more value to the economy in return than the initial value of the spending.

              • ?
              • Anonymous
              • 0cB
              • 08 Apr 2024

              Darth Caesium, 08 Apr 2024The US government is doing all this while they have a natio... moreI just moved here. And it is very hard to find a job. You can't survive unless you have relatives or friends. Some low end jobs are available like a delivery driver which I currently do. Not horrible but not good.

                The US government is doing all this while they have a national debt of $34.4 trillion, compared with a GDP of $26 trillion. And that debt was $33.2 trillion only 3 months ago. American government spending is out of control. I don't hate the idea of subsidies to open new semiconductor fabs, but America can't finance such expensive operations when they're in this much debt, and it doesn't bring in enough new jobs to be worth it for their economy.

                  I do it just to show off!! All that work will be done by Latinos and Indians... who are the cheap labor of the world... this factory is just for the gringos to brag about in front of China and the world.

                    That's a big site

                      2 of 2