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The Biden-Harris Administration announced preliminary terms with TSMC for up to $6.6 billion in CHIPS Act direct funding to support TSMC's investment of more than $65 billion in three leading-edge semiconductor fabs in Phoenix, Arizona. TSMC is committing to build a third fab, creating approximately 6,000 direct manufacturing jobs and over 20,000 construction jobs.
“TSMC Arizona is committing to build an additional third fab before the end of the decade.”commerce.gov
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