The Biden administration on Monday announced a multi-million-dollar agreement with a Taiwan-based semiconductor manufacturer to support the construction of facilities in the United States, including one in Arizona. The administration said it had reached a preliminary agreement with Taiwan Semiconductor Manufacturing Company, which is headquartered in Hsinchu, for funding through the CHIPS and Science Act. The investment will "support the construction of leading-edge semiconductor manufacturing facilities right here in the United States," Biden said in a statement, and allow the company to build a third chip factory in Phoenix. The deal also includes $50 million through the CHIPS
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