Biden unveils $6.6bn for Taiwan’s TSMC to ramp up US chip production
Al Jazeera
Taiwanese chip giant will build third facility in Arizona as part of $65bn investment in the US.
The United States has pledged to give Taiwan’s chip giant TSMC up to $6.6bn to expand production at facilities it is building in the state of Arizona.
The funding announced on Monday will support TSMC building a third semiconductor factory in Arizona, in addition to two facilities already in the pipeline, US officials said.
TSMC’s total investments in the US will rise to $65bn under the agreement, according to US officials.
The deal is the latest effort by US President Joe Biden’s administration to encourage domestic production of advanced chips that will power cutting-edge industries such as artificial intelligence.
The funding is tied to the CHIPS and Science Act, signed by Biden in 2022, which aims to reinvigorate the US semiconductor industry by offering large subsidies to lure private investment.
The supersonic fighter jet is designed to avoid detection by radar and other technologies.
Spokesman for the IRGC took jabs at US president Trump, mimicking his catchphrases and language.
The Israeli tactics of mass expulsion of Lebanese civilians risk directly violating international law.
Tehran is hit by ‘a wide-scale wave of strikes’ as US President Donald Trump’s 48-hour ultimatum is set to expire soon.
The region is on edge as Trump’s 48-hour deadline for Iran to reopen the Strait of Hormuz or face attacks on power plants nears.
Rescue teams headed to the site of a suspected Israeli attack in Gaza City to control the blaze.
Energy crunch prompted by Iran war poses ‘major threat’ to global economy, Fatih Birol says.
The Argentinian star forward records his 901st career goal as Inter Miami beat New York City FC at Yankee Stadium.
LaGuardia shut down after Air Canada Express plane hits ground vehicle upon landing from Montreal.
The Italian rider is now 11 points clear of Aprilia teammate Jorge Martin in the riders’ standings after two rounds.
Key indexes in Japan, South Korea and Hong Kong tumble as Iran threatens attacks on energy infrastructure across region.