- Easy Cloud's AI Newsletter
- Posts
- US offers TSMC $11.6B in cash and loans to support Arizona chip plant projects
US offers TSMC $11.6B in cash and loans to support Arizona chip plant projects
Ray Choi
April 14, 2024
Sponsored by
Welcome, AI enthusiasts.
The Rundown is the world’s fastest-growing AI newsletter, with over 500,000+ readers staying up-to-date with the latest AI news and learning how to apply it.
Our research team spends all day learning what’s new in AI, then distills the most important developments into one free email every morning.
Bible Verses of the Day
14 But as for you, continue in what you have learned and have firmly believed, knowing from whom you learned it 15 and how from childhood you have been acquainted with the sacred writings, which are able to make you wise for salvation through faith in Christ Jesus. 16 All Scripture is breathed out by God and profitable for teaching, for reproof, for correction, and for training in righteousness, 17 that the man of God may be complete, equipped for every good work. [2 Timothy 3:14-17, ESV]
What's in this week's issue?
🇺🇸 US offers TSMC $11.6B in cash and loans to support Arizona chip plant projects
🇯🇵 Microsoft to invest $2.9B to expand AI, cloud infrastructure in Japan
⛅️ Easy Cloud News
📰 AI News
🧰 AI Tools
Generated by DALL-E
The U.S. government has announced plans to provide TSMC financial support totaling $11.6 billion, comprising $6.6 billion in grants and up to $5 billion in loans.
TSMC will use the funding to build three semiconductor production facilities in Arizona, with a total investment exceeding $65 billion.
This is the largest financial package the U.S. government approved under the CHIPS and Science Act.
TSMC's investment should have a significant economic impact, creating 6,000 high-tech manufacturing jobs and over 20,000 construction jobs. The project also includes a $50 million allocation for training local workers.
Generated by DALL-E
Microsoft said on Tuesday it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan, the latest in a series of overseas expansions by large tech firms to support the development of artificial intelligence.
The investment - the company's largest in the 46 years of its operations in the country - will also go towards skilling three million people in AI and setting up a Microsoft Research Asia lab in Tokyo.
Server operators are expanding their data centers and cloud computing assets globally to support a boom in AI applications and workloads, after the late 2022 launch of ChatGPT.
Amazon.com's cloud unit is investing $10 billion in Mississippi and another $5.3 billion in Saudi Arabia towards data centers in those regions. Google is building a data center just outside London for $1 billion.
Easy Cloud News
Listen or read the following transcript as Sinclair Ferguson speaks on Preaching from Daniel, Part 1 in this address from The Gospel Coalition Sermon Library.
The following unedited transcript is provided by Beluga AI.
AI News
📱 Google app for Android to soon get toggle to switch between Gemini and Search (link)
🌇 Announcing new Microsoft AI Hub in London (link)
🖥️ Opera allows users to download and use LLMs locally (link)
📽️ Former Snap AI chief launches Higgsfield to take on OpenAI’s Sora video generator (link)
🛠️ Introducing Code Repair, the world’s first low-latency program repair AI agent (link)
AI Tools
🖼️ Nuanced: We detect AI-generated images to protect the integrity and authenticity of your service (link)
🚚 CopyTruck: Say goodbye to ad expenses and grow organically on LinkedIn from Day 1 (link)
🏎️ Driver: Get millions of lines of code explained in minutes (link)
🗃️ Dokkio: Find, organize, and understand all your online files (link)