The U.S. Government has announced that the U.S. Department of Commerce will award up to $6.6 billion in direct funding to TSMC Arizona Corporation (TSMC Arizona), a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC). This funding is part of the CHIPS Incentives Program and aims to support TSMC Arizona’s $65 billion investment in three cutting-edge semiconductor fabs in Phoenix, Arizona. The funding disbursement will be tied to project milestones, marking a significant step in strengthening U.S. capabilities in advanced semiconductor technology.