ICYMI: Through CHIPS Act that Schweikert Voted Against, TSMC's AZ Factories Set To Get More Funding to Expand, Create Jobs

Congressman Schweikert Voted Against Job-Creating CHIPS Act, Bipartisan Infrastructure Law & Inflation Reduction Act

PHOENIX — U.S. Commerce Secretary Gina Raimondo announced today that the microchip manufacturer TSMC will receive over $6 billion under the CHIPS Act to expand their factories in Arizona and build on the 25,000 jobs that TSMC has helped spur in the state.

Congressman David Schweikert voted against the CHIPS Act.

According to CNBC:

“TSMC’s Arizona subsidiary is set to receive up to $6.6 billion in U.S. government funding under a preliminary agreement announced by the Biden administration on Monday.

“The funding, under the U.S. CHIPS and Science Act, will support Taiwan Semiconductor Manufacturing Co.’s more than $65 billion investment in three cutting-edge fabrication plants in Phoenix, according to the nonbinding agreement.

“The Taiwanese multinational semiconductor company is also eligible for around $5 billion in proposed loans under the CHIPS Act.”

Congressman Schweikert also voted against the other two job creating pillars enacted by President Biden: the Bipartisan Infrastructure Law and the Inflation Reduction Act.

“Arizona has seen an economic boom thanks in large part to President Biden’s CHIPS Act, Bipartisan Infrastructure Law, and Inflation Reduction Act,” said Les Braswell with Honest Arizona. “Unfortunately, Congressman Schweikert put ideology over good-paying Arizona jobs, and voted against every part of President Biden’s economic agenda. Congressman Schweikert needs to start supporting Arizona workers by voting for bills that bring jobs to our state and help lower costs.”