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🚀📣 #IndustryShift: Taiwan Semiconductor Manufacturing Co. (TSMC), a titan in the semiconductor industry, is gearing up for a massive expansion in the United States. With up to $6.6 billion in funding from the U.S. government, as part of the #CHIPS and Science Act, TSMC is set to invest over $65 billion in three high-tech fabrication plants in #Phoenix, Arizona. 🌟 This move is not just a big deal for the tech industry; it's a significant leap for the U.S. economy and national security. Gina Raimondo, U.S. Secretary of Commerce, has highlighted this as a pivotal step forward. Part of this project includes a $50 million investment in training local talents, adding to the 25,000 jobs and 14 semiconductor suppliers TSMC has already brought to Arizona. 🔗 Discover more on this development at CNBC: https://lnkd.in/ebzJ78Wg 🔥 Our Take: TSMC's Arizona venture, backed by significant U.S. investment, is more than just a win for the tech world. It's a game-changer for global logistics, signaling a move towards greater self-reliance and reduced dependence on unpredictable global supply chains. This isn't merely an opportunity; it's a sign of the times for the logistics sector. We're looking at a future where being fast, efficient, and technologically integrated isn't just beneficial – it's essential. #TSMC #logistics #innovation #supplychain #USmanufacturing #tech #arizona

This is a big moment for U.S. manufacturing and semiconductor resilience. TSMC's Arizona fab has hit production yields surpassing those in Taiwan. This is a significant achievement, especially given the hurdles they’ve had to overcome. With TSMC's success, we could be seeing the start of a stronger domestic chip industry that could ease global supply chain pressures. Read more about it here: https://lnkd.in/e7HFpc7J #Semiconductors #Manufacturing #Chips #SupplyChain

TSMC, the world's largest contract chipmaker, is reportedly set to win over $5 billion in federal grants from the U.S. government for its Arizona plant. Bloomberg News reports that the award is yet to be finalized, and it's unclear whether TSMC will tap into the loans and guarantees also on offer from the 2022 Chips and Science Act. TSMC, which makes chips used in Apple's iPhones, has already said it would invest around $40 billion in this plant, which is among the largest foreign investments in U.S. history. The U.S. has been striving to increase domestic semiconductor production through the U.S. CHIPS Act, which provides $52.7 billion in funding, including $39 billion in subsidies for semiconductor production and $11 billion for R&D. The Biden administration recently awarded $1.5 billion to contract chip manufacturer GlobalFoundries under the Act, and the U.S. Commerce Secretary had previously stated that the department plans to make several funding awards within two months. TSMC's advanced manufacturing processes are used to produce Nvidia's industry-leading artificial intelligence chips. #usa #chipsact #federalgrants #investments #tsmc #foundries #chips #chipmaker #semiconductor #semiconductors #semiconductorindustry #semiconductormanufacturing #innovation #technology #technologynews

U.S. finalizes $6.6B TSMC subsidy for advanced chip production in Arizona, strengthening domestic semiconductor manufacturing and national security efforts. #USSemiconductorSubsidy TSMC #ArizonaExpansion #ChipsandScienceAct #AdvancedTechnologyProduction #NationalSecurityandChips #SemiconductorIndustryBoost #USChinaTechStrategy #latestelectronicsnews

More exciting news from the Biden-Harris Administration on this President’s Day! The Department of Commerce and GlobalFoundries have reached a preliminary memorandum of terms (PMT) to provide approximately $1.5 billion to strengthen U.S. domestic supply chain resilience and bolster American competitiveness in current-generation and mature-node semiconductor production. Shortages of some of these semiconductors caused major disruptions during the COVID-19 pandemic, resulting in a particularly acute impact on the availability and price of cars for Americans, as well as the shutdown of automobile manufacturing sites. This funding would support a new state-of-the art facility, significant capacity expansion, and modernization of GlobalFoundries’s U.S. manufacturing sites in New York and Vermont, creating over 10,000 jobs. By investing in domestic manufacturing capabilities, CHIPS for America is helping secure a stable domestic supply chain, safeguard our national security, and invest in the American workforce. Stay tuned for more news! https://lnkd.in/e7bteHWB

The headline is the US is investing $39 billion into domestic semiconductor manufacturing. The footnote is that companies like TSMC & Micron Technology have pushed out their schedules as they react to demand forecasts and local equipment and labor availability. This is the 2nd inning of reshoring to provide more supply chain resilience in semiconductors #chipsact #seminconductors #reshoring #supplychain #manufacturing

Thanks, Steve Kaminski, for sharing this article. Last year's #JTTM trip by #TexasEDConnection to Taiwan and Japan was a strategic move towards building robust relationships, setting the stage for #Texas to be at the forefront of this transformative industry shift. For businesses planning to expand in Texas, you'll find us a steadfast partner. Our mission is to facilitate your journey, leveraging our international connections and local expertise. Texas is poised for semiconductor success—are you ready to join us? #ChipsAct #Semiconductors #Reshoring #SupplyChain #Manufacturing #EconDev #GonetoTexas #MovetoTexas #TexasEDC #EconomicDevelopment #Industrial #smallbusiness #Businessowners #commericalrealestate #fdi

TSMC's Arizona Plant Outshines Taiwan with Record Production Yields 🌟 Taiwan Semiconductor Manufacturing Company (TSMC) has hit a significant milestone at its first plant in Arizona, achieving early production yields that are 4 percentage points higher than similar facilities in Taiwan. This accomplishment comes after initial delays and worker strife, marking a crucial step in TSMC's U.S. expansion efforts. Rick Cassidy, president of TSMC's U.S. division, shared this exciting news during a recent webinar. The success rate, or yield, is a critical metric in the semiconductor industry, as it determines whether companies can recover the enormous costs associated with operating a chip plant. Higher yields from the Phoenix facility are a promising sign for the future of American semiconductor manufacturing, especially as the U.S. aims to reduce dependence on foreign production. Government Support on the Horizon💰 TSMC stands to receive $6.6 billion in government grants and $5 billion in loans, along with 25% tax credits to establish three fabrication facilities (fabs) in Arizona. While these awards are significant, they are not yet finalized under the 2022 Chips and Science Act. Why Does This Matter? Boosting U.S. Chip Production: TSMC's higher yields bolster local manufacturing, addressing supply chain vulnerabilities. Economic Impact: Successful yields can enhance profitability and position TSMC favorably against competitors in the semiconductor market. Strengthening Supply Chains: This development aligns with national goals for a more secure tech infrastructure. 🔍 Looking Ahead TSMC's Arizona plant began engineering wafer production with cutting-edge 4-nanometer process technology in April, achieving “very good yields.” This operational success showcases TSMC's manufacturing capabilities and sets a strong foundation for the company’s future endeavors. 𝗿𝗲𝗽𝗼𝘀𝘁 | if you found it helpful. 𝗹𝗶𝗸𝗲 | if you enjoyed the post. How do you view TSMC's expansion to Arizona? As of now over 80% of the TSMC's production capacity is in Taiwan. Source: Bloomberg #TSMC #Semiconductors #TechNews #ChipProduction #Innovation https://lnkd.in/dMRxEDkw

In 2023, GM and GlobalFoundries announced a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM’s chip supply. The agreement called for GF to manufacture for GM’s key chip suppliers at GF’s advanced semiconductor facility in upstate New York. The goal: reduce the number of unique chips needed to power increasingly complex and tech-laden vehicles. With this strategy, chips can be produced in higher volumes and are expected to offer better quality and predictability, maximizing high value content creation for the end customer. Today, the US Department of Commerce announced it is awarding $1.5 billion toward the expansion of GF's production facility in NY state. This will bring more of this vital production to the US and hopefully avoid another chip crisis in the future. #iworkforgm https://lnkd.in/eywQGH74