Taiwanese chipmaking giant TSMC has won a US$6.6 billion subsidy for its project to build three plants in Arizona before U.S. President-elect Donald Trump, who has criticized the Biden administration's policy of subsidizing foreign chipmakers, takes office in January.
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00:00chipmaking giant TSMC is to get 6.6 billion U.S. dollars in subsidies from the U.S. government
00:06to help build its Arizona plant project. The first of these Taiwanese firms' three planned
00:12plants in Arizona could be operational early next year. The U.S. also plans loans of up to
00:185 billion dollars to boost the project, which aims to bring cutting-edge semiconductor production
00:24back to the country. The decision comes before President-elect Donald Trump takes office in
00:29January. Trump has previously criticized the policy to subsidize foreign chipmakers in the U.S.,
00:36describing it as so bad.