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    US finalizes up to $6.6 billion funding for chip giant TSMC

    Team_NewsStudyBy Team_NewsStudyNovember 15, 2024 Trending News No Comments1 Min Read
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    TSMC is the second firm after Polar Semiconductor to finalize its agreement.

    “At present, the US doesn’t make on our shores any modern chips, and that is the primary time ever that we’ll be capable to say we shall be making these modern chips in the US,” mentioned Commerce Secretary Gina Raimondo informed reporters Thursday.

    “I need to remind everybody that these are the chips that run AI and quantum computing. These are the chips which can be in refined navy tools,” Raimondo added.

    Making these chips in the US, she famous, helps handle a nationwide safety legal responsibility.

    The primary of TSMC’s three services is ready to completely open by early-2025, Biden famous.

    At full capability, the three services in Arizona are anticipated to “manufacture tens of hundreds of thousands of modern logic chips that can energy merchandise like 5G/6G smartphones, autonomous automobiles, and high-performance computing and AI functions,” the Commerce Division mentioned.

    It added that “early manufacturing yields on the first TSMC plant in Arizona are on par with comparable factories in Taiwan”.



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