Computer & Communication Industry Association
PublishedApril 8, 2024

U.S. Commerce Department Announces CHIPS Funding

Washington – The U.S. Commerce Department announced today $6.6 billion in funding under the CHIPS and Science Act toward three Taiwan Semiconductor Manufacturing Company (TSMC) chipmaking fabrication plants in Arizona.

The following can be attributed to CCIA President & CEO Matt Schruers:

“We applaud the Biden Administration for investing in high tech competitiveness and paving the way for more U.S.-based manufacturing capacity that will fuel innovation for products across the economy. This investment in TSMC chip-making in Arizona is a downpayment on innovation and our economic future.”