web analytics

Apple Chipmaker TSMC to Receive $6.6 Billion Grant to Step Up Production in the U.S.

From www.macrumors.com

The United States Commerce Department today announced a significant financial commitment to Apple chip supplier TSMC to make more chips in the U.S. (via Bloomberg).

Apple Silicon Teal Feature
The White House shared a statement explaining that the U.S. Commerce Department will allocate a $6.6 billion subsidy to TSMC for the advancement of semiconductor production in Phoenix, Arizona. TSMC will also receive $5 billion in loans and be eligible to claim an investment tax credit of up to 25% of capital expenditures. The move is part of a larger initiative under the CHIPS and Science Act, which aims to rejuvenate the United States’ semiconductor manufacturing capabilities.

TSMC has already committed to an escalated investment of $25 billion, elevating its total investment to $65 billion. This is the largest foreign direct investment in a completely new project in U.S. history.

The chipmaker also announced plans to construct a third fabrication plant in Arizona by 2030. The first TSMC plant in Arizona will start producing 4nm chips next year. The second plant, which was originally designed to make 3nm chips, will also make 2nm ones by 2028. The third plant will produce 2nm chips with capacity to make even more advanced semiconductors in the future.

Apple’s most advanced chips are currently made in Taiwan using TSMC’s ‌3nm‌ process, so the ability to make these chips and even more powerful ones in the future in the United States could represent a significant future shift in the company’s supply chain.

Popular Stories

iPhone 16 Pro Expected Later This Year With These 12 New Features

While the iPhone 16 Pro and iPhone 16 Pro Max are still months away from launching, there are already over a dozen rumors about the devices. Below, we have recapped new features and changes expected for the devices so far. These are some of the key changes rumored for the iPhone 16 Pro models as of April 2024:Larger displays: The iPhone 16 Pro and iPhone 16 Pro Max will be equipped with large…

Batterygate: iPhone Users in Canada Can Now Submit Claims for Up to $150 Payout From Apple

Apple agreed to pay up to $14.4 million (CAD) to settle a class action lawsuit in Canada that alleged the company secretly throttled the performance of some iPhone models (“batterygate”), and eligible customers can now submit a claim for payment. Apple’s settlement received court approval on March 4, and the claims period began today, according to law firm Rochon Genova LLP. To submit a…

Tim Cook Sells Nearly 200,000 Apple Shares

Apple’s CEO Tim Cook this week sold 196,410 shares of the company’s stock, which had a total value of approximately $33.2 million based on the average sale price of the transactions, according to a U.S. Securities and Exchange Commission filing. After taxes, Cook netted nearly $16.4 million from the sales. Cook received all of the shares that he sold this week as a performance-based stock…

When to Expect the Next iPad Mini and Low-End iPad Models to Launch

While rumors have been focused on new iPad Pro and iPad Air models, some Apple customers are wondering when the next iPad mini will be released. In his Power On newsletter today, Bloomberg’s Mark Gurman said new iPad mini and entry-level iPad models will be released in late 2024 at the earliest. “The company is also working on new versions of the low-end iPad and iPad mini, but those…

Best Buy’s Weekend Sale Has Best-Ever Prices on MacBook Air, MacBook Pro, TVs, and More

This weekend, Best Buy has a sale on MacBooks, including the previous generation 15-inch MacBook Air and the M3 MacBook Pro. As usual, Best Buy’s sale covers far more than just Apple products, and you’ll also find solid discounts on TVs, video games, and more during the event. Note: MacRumors is an affiliate partner with Best Buy. When you click a link and make a purchase, we may receive a…

Best Buy Introduces Record Low Prices Across Every 10th Gen iPad

Following a few notable discounts on MacBooks yesterday, Best Buy today introduced a sale on the 10th generation iPad, including numerous all-time low prices on the tablet. Prices start at $349.00 for the 64GB Wi-Fi model, and include $100 markdowns on both Wi-Fi and cellular devices. Note: MacRumors is an affiliate partner with Best Buy. When you click a link and make a purchase, we may…

Jony Ive and OpenAI’s Sam Altman Seeking Funding for Personal AI Device

Friday April 5, 2024 3:35 pm PDT by

OpenAI CEO Sam Altman and former Apple design chief Jony Ive have officially teamed up to design an AI-powered personal device and are seeking funding, reports The Information. Little is known about the AI device at this time, but it won’t look like a smartphone. Altman is a major investor in the Humane AI pin, a wearable AI device that does not have a screen, so it’s possible he will create …

[ For more curated Computing news, check out the main news page here]

The post Apple Chipmaker TSMC to Receive $6.6 Billion Grant to Step Up Production in the U.S. first appeared on www.macrumors.com

New reasons to get excited everyday.

Get the latest tech news delivered right in your mailbox

You may also like

Notify of
Inline Feedbacks
View all comments

More in computing

Would love your thoughts, please comment.x