With $6.6B to Arizona hub, Biden touts big steps in US chipmaking

FILE - Taiwan Semiconductor Manufacturing Company founder Morris Chang speaks at the new facility in Phoenix on Dec. 6, 2022. President Joe Biden announced a $6.6 billion grant On April 8, 2024, for the company to produce semiconductors in Arizona.

President Joe Biden on Monday announced a $6.6 billion grant to Taiwan’s top chip manufacturer to produce semiconductors in the southwestern U.S. state of Arizona, which includes a third facility that will bring the foreign tech giant’s investment in the state to $65 billion.