Biden Administration Announces $6.6 Billion for Made in America Microchips ...Middle East

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WILMINGTON, Del. — The Biden administration pledged on Monday to provide up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona and better ensure that the most-advanced microchips are produced domestically for the first time. [time-brightcove not-tgx=”true”] Commerce Secretary Gina Raimondo said the funding for Taiwan Semiconductor Manufacturing Co. means the company can expand on its existing plans for two facilities in Phoenix and add a third, newly announced production hub. “These are the chips that underpin all artificial intelligence, and they are the chips that are the necessary components for the technologi

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