US gives TSMC a ₹49,490 crore subsidy to expand its semiconductor business
By MYBRANDBOOK
To support the development of sophisticated semiconductors in Phoenix, Arizona, TSMC's US business has received a significant subsidy from the US government of ₹49,490 crore. Up to ₹37,730 crore in low-interest government loans are part of this funding. By 2030, TSMC intends to build a third fabrication facility in Arizona and raise its initial investment from 3.10 lakh crore rupees to 5.06 lakh crore rupees.
TSMC "will produce the world's most advanced two nanometer technology at its second Arizona fab expected to begin production in 2028," the US Commerce Department said. "These are the chips that underpin all artificial intelligence, and they are necessary components for the technologies that we need to underpin our economy, but frankly, a 21st century military and national security apparatus," said Commerce Secretary Gina Raimondo.
TSMC's first US chip factory is expected to begin high-volume production by early 2025. TSMC Arizona has committed to developing advanced packaging capabilities through US partners. This will enable customers to purchase advanced chips manufactured entirely within the country. TSMC CEO C.C. Wei stated that the company aims to boost US tech firms' innovation by increasing capacity for cutting-edge technology via TSMC Arizona. The Commerce Department anticipates that TSMC's projects will generate 6,000 manufacturing jobs and 20,000 construction jobs. Additionally, 14 TSMC suppliers are planning to build or expand plants in the US.
Once operating at full capacity, TSMC's three Arizona facilities will produce millions of leading-edge chips for 5G/6G smartphones, autonomous vehicles, and AI data center servers.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Acer addresses evolving customer needs by consistently pushing
Acer offers a comprehensive range of products under one roof, including des
Delivering Critical Business Communication Solutions to Enterp
Arya Omnitalk and Syntel’s comprehensive suite of solutions and more than
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
ZOHO CORPORATION PVT. LTD.
VVDN TECHNOLOGIES
EXATRON SERVERS MANUFACTURING PVT. LTD.
TATA CONSULTANCY SERVICES
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Girish Mathrubootham
Girish Mathrubootham is the Founder of Freshworks (previously known ...
Icons Of India : ALOK OHRIE
Alok Ohrie leads Dell Technologies’ India business, overseeing Sales...
Icons Of India : NEERAJ MITTAL
He started his career as an IAS Officer in 1992. He has held various a...
PARTNER SPEAKERS
PSU
RailTel Corporation of India Limited
RailTel is a leading telecommunications infrastructure provider in Ind...
IOCL - Indian Oil Corporation Ltd.
IOCL is India’s largest oil refining and marketing company ...
GSTN - Goods and Services Tax Network
GSTN provides shared IT infrastructure and service to both central and...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - George Kurian, CEO, Netapp
George Kurian, the CEO of global data storage and management services ...
Indian Tech Talent Excelling The Tech World - NEAL MOHAN, CEO - Youtube
Neal Mohan, the CEO of YouTube, has a bold vision for the platform’s...
Indian Tech Talent Excelling The Tech World - Aneel Bhusri, CEO, Workday
Aneel Bhusri, Co-Founder and Executive Chair at Workday, has been a le...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
