The money will be used by the company to build a third manufacturing plant in Arizona.
TSMC is already building two factories in Phoenix, Arizona.
TSMC plans to make its first 2nm chips in its home nation of Taiwan in 2025.
The announcement marks another large handout to come from the CHIPS Act.
Samsung, meanwhile, is expected to receive a grant of over $6 billion.
An estimated $18.7 billion in grant funds remains available after TSMC receives its money.
TSMC’s current Arizona projects have been far from smooth.
Construction timelines have been delayed on several occasions.
