US will give TSMC $6.6 billion to build more chip factories in Arizona

CHIPS Law, a motivator for the semiconductor industry

In addition to TSMC, other companies such as GlobalFoundries or Microchip have also received funding under the CHIPS Act. Last month, Intel announced that it will obtain up to $8.5 billion in this financing and up to $11 billion in loans.

Samsung, on the other hand, announced an additional investment of $17 billion for its plant in Taylor, Texas, for which it is expected to receive more than $6 billion in subsidies.

Therefore, Biden's strategy has become one of the most important to make the United States stand out from other powers in the world of technology. In total, an investment of around $280 billion is planned to boost research and production of chips from the United States.

The main objective of this is to reduce concerns about Asia's dominance in this industry by diversifying semiconductor production to other areas of the world, such as the United States and Europe, since the law also prohibits those who receive this financing from increasing their efforts in China. .