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SIA Applauds CHIPS Act Incentives for TSMC’s Advanced Manufacturing Operations in Arizona
April 8, 2024 | SIAEstimated reading time: 1 minute
The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer applauding semiconductor manufacturing incentives announced by the U.S. Department of Commerce and TSMC. The incentives, which are part of the CHIPS and Science Act, will support TSMC’s new advanced manufacturing operations in Arizona. The Commerce Department previously announced incentives for Intel, GlobalFoundries, Microchip Technology, and BAE Systems.
“Today’s TSMC announcement is a big win for America’s economy, supply chain resilience, and the advanced chip manufacturing ecosystem. The new TSMC facilities—sparked by the CHIPS and Science Act—will spur job creation and economic growth in Arizona while also broadening the state’s already substantial semiconductor footprint. We commend TSMC for its ambitious investments in the U.S. and applaud the Commerce Department for continuing to make progress in implementing the CHIPS Act’s landmark manufacturing incentives and R&D investments. CHIPS remains on track for great success, and we look forward to continuing to work with leaders in government and industry to ensure it delivers maximum benefits to America’s economic and technological leadership.”
The CHIPS Act’s manufacturing incentives have sparked substantial announced investments in the U.S. In fact, companies in the semiconductor ecosystem have announced dozens of new projects across 25 U.S. states—totaling hundreds of billions of dollars in private investments—since the CHIPS Act was introduced. These announced projects will create more than 45,000 jobs in the semiconductor ecosystem and support hundreds of thousands of additional U.S. jobs throughout the U.S. economy.
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