TSMC expands U.S. investment to $65bn after securing $6.6bn grant

Company agrees to produce 2-nm chips and build third plant in America

20240308 TSMC Arizona

TSMC is building cutting-edge chipmaking facilities in Arizona, backed by hefty U.S. subsidies. (Photo by Cheng Ting-Fang) 

KEN MORIYASU, CHENG TING-FANG and LAULY LI, Nikkei staff writers

WASHINGTON/TAIPEI -- Buttressed by a U.S. federal grant of $6.6 billion, Taiwan Semiconductor Manufacturing Co. has agreed to increase its U.S. investment by more than 60% to over $65 billion and produce the world's most advanced 2-nanometer chips on American soil.

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