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3 Firms to Get US Chips Act Subsidies, Including TSMC, GlobalFoundries: Report
The US Department of Commerce has notified Congress that at least 3 companies, including TSMC (TSM.US) and GlobalFoundries Inc. (GFS.US), will receive the last batch of subsidies u...
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3 Firms to Get US Chips Act Subsidies, Including TSMC, GlobalFoundries: Report
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The US Department of Commerce has notified Congress that at least 3 companies, including TSMC (TSM.US)      and GlobalFoundries Inc. (GFS.US)      , will receive the last batch of subsidies under the CHIPS and Science Act, Reuters quoted sources as saying.

The authority announced in February 2024 that it reached an agreement with GlobalFoundries to subsidize US$1.5 billion for GlobalFoundries' new plant in New York and production capacity expansion in Vermont.

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In April, the authority also reached an agreement with TSMC to subsidize US$6.6 billion for the construction of an advanced semiconductor manufacturing base in Arizona.
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