{"id":1412,"date":"2024-04-09T10:05:17","date_gmt":"2024-04-09T02:05:17","guid":{"rendered":"https:\/\/applelatest.com\/uncategorized\/1412.html"},"modified":"2024-04-09T10:05:17","modified_gmt":"2024-04-09T02:05:17","slug":"%e6%8b%9c%e7%99%bb%e5%87%ba%e8%b3%87-116-%e5%84%84%e7%be%8e%e5%85%83%e6%8e%a8%e5%8b%95%e7%be%8e%e5%9c%8b%e8%8a%af%e7%89%87%e5%88%b6%e9%80%a0%e6%a5%ad%e7%99%bc%e5%b1%95%ef%bc%8c%e5%8f%b0%e7%a9%8d","status":"publish","type":"post","link":"https:\/\/applelatest.com\/en\/stocks\/1412.html","title":{"rendered":"TSMC Stock Soars on Biden's $11.6 Billion Chip Manufacturing Boost in U.S."},"content":{"rendered":"<div contentscore=\"1989\">\n<ul contentscore=\"214\">\n<li contentscore=\"97\">\n<p>TSMC's stock surged on Monday on the back of a nearly $12 billion deal with the U.S. to boost chip manufacturing.<\/p>\n<\/li>\n<li contentscore=\"117\">\n<p>Under the CHIPS and Science Act, TSMC will receive up to $6.6 billion in grants and $5 billion in direct funding.<\/p>\n<\/li>\n<li contentscore=\"123\">\n<p>TSMC's $65 billion investment is the largest foreign direct investment in Arizona and the largest greenfield project in U.S. history.<\/p>\n<\/li>\n<\/ul>\n<p>Shares of Taiwan's Semiconductor Manufacturing Corp. rose as much as 3.2% Monday as the administration of President Joe Biden approved nearly $12 billion in grants and loans to the world's leading semiconductor company to boost its U.S. production and operations.<\/p>\n<p>TSMC's stock reached a mid-panel high of $145.92 per share around 10:30 a.m. ET, before narrowing to around $143 shortly after 1 p.m. The company's share price reached a high of $145.92 per share around 10:30 a.m. ET.<\/p>\n<p>As part of the CHIPS and Science Act passed in 2022, the deal puts the Taiwanese chip company on track to receive up to $6.6 billion in grants and $5 billion in direct funding from the Biden administration.<\/p>\n<p>In a press release, TSMC announced plans to build a third manufacturing facility in Phoenicia by 2028 to meet the growing demand for semiconductors in the United States. With an investment of more than US$65 billion, the project is the largest foreign direct investment in Arizona and the largest new construction project in U.S. history.<\/p>\n<p>In a separate press release issued Monday, the U.S. Department of Commerce said Arizona's chip manufacturing facilities will power major technology companies such as AMD, Apple, Nvidia and Qualcomm.<\/p>\n<p>Together with the two previous plants that are coming on line, the three plants are expected to add 6,000 high-tech jobs and 20,000 construction jobs, the Commerce Department said.<\/p>\n<p>\"TSMC's new commitment to the U.S. and its investment in Arizona represent a broader story of the U.S. manufacturing semiconductor fabrication industry, which, with the strong support of leading U.S. technology companies, makes the products we rely on every day,\" said President Biden of the Armed Forces in a press release.<\/p>\n<div><\/div>\n<p>President Biden of Arms said, \"This collaboration with Taiwan's largest chipmaker reinforces the U.S. goal of producing 20% of the world's \u8011 chips by 2030, and reduces reliance on China's high-tech manufacturing industry as tensions between the superpowers intensify.<\/p>\n<p>Last Wednesday, a powerful 7.4 magnitude earthquake struck the east coast of Taiwan, causing some TSMC facilities to temporarily suspend operations.<\/p>\n<p>Read the original article on Business Insider<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>According to the Department of Commerce, TSMC's planned facilities are expected to create 6,000 high-tech jobs and 20,000 construction jobs.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[55],"tags":[1111,439,1107,1109,1105,1110,1106,1104,1108],"blocksy_meta":"","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v19.12) - 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