_tsmc-stock-surges-3-2-as-biden-greenlights-366-6-billion-in-grants-3611-6-billion-to-boost-us-chip-manufacturing.jpg "TSMC Stock Surges 3.2% as Biden Greenlights $6.6 Billion in Grants $11.6 Billion to Boost US Chip Manufacturing from vtiq stock news Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:52
👁 View: 795K times
✓ Published: 10-Apr-2024
👁 View: 795K times
✓ Published: 10-Apr-2024
Description:
TSMC stock jumped up to 3.2% on news that Biden's administration approved $11.6 billion in grants and loans for the company to boost US chip manufacturing. The deal positions TSMC to receive up to $6.6 billion in grants and $5 billion in direct funding from the CHIPS and Science Act passed in 2022. TSMC unveiled plans for a third Arizona production facility by 2028 to meet rising US semiconductor demand, with a total investment exceeding $65 billion. The three planned TSMC facilities in Arizona are expected to create 6,000 high-tech jobs and 20,000 construction jobs.
TSMC stock jumped up to 3.2% on news that Biden's administration approved $11.6 billion in grants and loans for the company to boost US chip manufacturing. The deal positions TSMC to receive up to $6.6 billion in grants and $5 billion in direct funding from the CHIPS and Science Act passed in 2022. TSMC unveiled plans for a third Arizona production facility by 2028 to meet rising US semiconductor demand, with a total investment exceeding $65 billion. The three planned TSMC facilities in Arizona are expected to create 6,000 high-tech jobs and 20,000 construction jobs.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_share-market-opening-live-124-stock-market-live-news-124-business-news-124-nifty-live-124-sensex-live-news.webp "- Global news flow & cues<br/>- Stocks to watch, trade setup<br/>- F&O strategies<br/><br/><br/>Niraj Shah and Tamanna Inamdar bring all this and more as we head toward the 'India Market Open'. #NDTVProfitLive")
⏲ 0:0 👁 60K
_target-introduces-truscan-tech-to-combat-self-checkout-theft-report.webp "TruScan technology detects unscanned items, enhancing security.<br/><br/>Retailers like Dollar General and Kroger are also combating theft.")
_page-industries-share-latest-news-today.webp "page industries share latest news today | page industries share analysis | page industries price")
_internet-providers-must-now-provide-nutrition-labels-for-pricing.webp "TheStreet’s Caroline Woods brings you the biggest business news of the day, including what investors are watching and the FCC’s new “nutrition label” requirement for ISPs.")
_share-market-opening-live-124-stock-market-live-news-124-business-news-124-nifty-live-124-sensex-live-news.webp "- Global news flow & cues<br/>- Stocks to watch, trade setup<br/>- F&O strategies<br/><br/>Niraj Shah, Samina Nalwala and Tamanna Inamdar bring all this and more as we head toward the 'India Market Open'. #NDTVProfitLive")
⏲ 0:0 👁 55K
_expert-questions-jpmorgan-ceo-jamie-dimon39s-new-predictions-for-us-economy-39-his-interest-rate-calls-haven39t-panned.webp "Lindsey Bell, a prominent financial analyst, has cast doubt on Jamie Dimon‘s track record with interest rate forecasts, referencing past predictions.")
_10-star-trek-actors-who-have-appeared-in-the-most-shows.webp "Before Picard season 3, let's take stock which actors have appeared in the most shows....")
_peter-schiff-sees-jamie-dimon39s-inflation-warning-as-39sugar-coating39-predicts-graver-crisis.webp "Economist Peter Schiff has echoed the inflation warning made by JPMorgan Chase CEO Jamie Dimon, but predicts a more drastic scenario.")
⏲ 1:8 👁 485K
_share-market-opening-live-124-stock-market-live-news-124-business-news-124-nifty-live-124-sensex-live-news.jpg)
_target-introduces-truscan-tech-to-combat-self-checkout-theft-report.jpg)
_page-industries-share-latest-news-today.jpg)
_internet-providers-must-now-provide-nutrition-labels-for-pricing.jpg)
_share-market-opening-live-124-stock-market-live-news-124-business-news-124-nifty-live-124-sensex-live-news.jpg)
_expert-questions-jpmorgan-ceo-jamie-dimon39s-new-predictions-for-us-economy-39-his-interest-rate-calls-haven39t-panned.jpg)
_10-star-trek-actors-who-have-appeared-in-the-most-shows.jpg)
_peter-schiff-sees-jamie-dimon39s-inflation-warning-as-39sugar-coating39-predicts-graver-crisis.jpg)
![[+]](/images/menu.gif){kind=small}