The CHIPS Act earmarks $52 billion to revert a decades-long trend of US production shifting abroad to low-cost labor regions. There was evidence some of this production is being reshored, according to a WSJ report, revealing Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, is laying the groundwork for a second US factory in Arizona.
People familiar with the plans told WSJ that TSMC would soon announce one of the most advanced semiconductor plants just north of Phoenix, Arizona, next to another one of its chip factories. They said the investment in the new plant could be upwards of $12 billion, similar to what was committed in 2020 to build the factory beside it.