Warner Applauds Major Federal Funding for TSMC to Secure the Future of Advanced Semiconductor Manufacturing in the U.S.

WASHINGTON - U.S. Sen. Mark R. Warner (D-VA) released the statement below, following an announcement by the Biden-Harris administration that TSMC will receive up to $6.6 billion in direct funding, which will be paired with over $65 billion in private investment to support three leading-edge facilities in Arizona that will manufacture the world's most advanced semiconductor process technologies. This funding was awarded through the Department of Commerce's CHIPS Incentives Program and appropriated through the CHIPS and Science Act - legislation negotiated and championed by Sen. Warner.

"Congress originally passed the CHIPS and Science Act because we knew that our national security depended on it. Today's $6.6 billion investment will help support production of the most advanced chips, used for advanced applications like Artificial Intelligence. This is a win for American workers, for our advanced manufacturing industry, and for the resilience and security of our supply chains," said Sen. Warner.

At full capacity, TSMC's three fabs are expected to manufacture tens of millions of leading-edge logic chips that will power products like 5G/6G smartphones, autonomous vehicles, and high-performance computing and AI applications. Reshoring and rebuilding production of these most advanced chips in the United States will help maintain our national security by strengthening our qualitative advantage against foreign adversaries.

Sen. Warner, co-chair of the Senate Cybersecurity Caucus and former technology entrepreneur, has long sounded the alarm about the importance of investing in domestic semiconductor manufacturing. Sen. Warner first introduced the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act in June 2020 along with Sen. John Cornyn (R-TX).

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