The Taiwanese company's presence in the state was viewed as an all-around win: It would boost advanced chipmaking in the United States and help diversify TSMC's manufacturing away from Taiwan, an island democracy that is the focus of increasingly aggressive geopolitical claims by China. TSMC has committed $65 billion to the project, and in April, the Biden administration announced that the company would receive a $6.6 billion grant funded by the CHIPS and Science Act.
