Huge CHIPS Grants Awarded to TSMC, Samsung, and Micron

From left: Commerce Secretary Gina Raimondo, President Joe Biden, and South Korean President Yoon Suk Yeol tour a Samsung electronics facility in South Korea in 2022. The Commerce Department announced in April 2024 that it plans to give Samsung $6.4 billion to expand semiconductor manufacturing facilities in the U.S.
(Adam Schultz/White House)
The U.S. government indicated this month that it plans to issue grants of more than $6 billion each to Taiwan Semiconductor Manufacturing Company, Samsung, and Micron, on the heels of an $8.5 billion grant for Intel announced last month.
TSMC is slated to receive a $6.6 billion grant
All of the grants will be funded through the CHIPS and Science Act, which created a $39 billion fund to support manufacturing incentive grants. Commerce Secretary Gina Raimondo said