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- US offers TSMC $11.6B in cash and loans to support Arizona chip plant projects
US offers TSMC $11.6B in cash and loans to support Arizona chip plant projects
Ray Choi
April 14, 2024
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🇺🇸 US offers TSMC $11.6B in cash and loans to support Arizona chip plant projects
🇯🇵 Microsoft to invest $2.9B to expand AI, cloud infrastructure in Japan
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The U.S. government has announced plans to provide TSMC financial support totaling $11.6 billion, comprising $6.6 billion in grants and up to $5 billion in loans.
TSMC will use the funding to build three semiconductor production facilities in Arizona, with a total investment exceeding $65 billion.
This is the largest financial package the U.S. government approved under the CHIPS and Science Act.
TSMC's investment should have a significant economic impact, creating 6,000 high-tech manufacturing jobs and over 20,000 construction jobs. The project also includes a $50 million allocation for training local workers.
Generated by DALL-E
Microsoft said on Tuesday it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan, the latest in a series of overseas expansions by large tech firms to support the development of artificial intelligence.
The investment - the company's largest in the 46 years of its operations in the country - will also go towards skilling three million people in AI and setting up a Microsoft Research Asia lab in Tokyo.
Server operators are expanding their data centers and cloud computing assets globally to support a boom in AI applications and workloads, after the late 2022 launch of ChatGPT.
Amazon.com's cloud unit is investing $10 billion in Mississippi and another $5.3 billion in Saudi Arabia towards data centers in those regions. Google is building a data center just outside London for $1 billion.
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Listen or read the following transcript as Sinclair Ferguson speaks on Preaching from Daniel, Part 1 in this address from The Gospel Coalition Sermon Library.
The following unedited transcript is provided by Beluga AI.
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