The Biden-Harris Administration has finalized a $6.6 billion grant under the CHIPS Act for Taiwan Semiconductor Manufacturing Company (TSMC) to support the establishment of advanced chip plants in Arizona. This decision comes as a pivotal move to secure U.S. leadership in semiconductor technology, particularly before the anticipated return of former President Trump. The funding not only highlights the urgency to bolster domestic chip manufacturing but also reflects the ongoing race among chipmakers to secure financial support amid uncertainties regarding the future of the CHIPS Act. TSMC’s plans include developing cutting-edge 2nm chips, with expectations set for production by 2028.