[Rueters] Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW), is planning to build several more chipmaking factories in the U.S. state of Arizona beyond the one currently planned, three people familiar with the matter told Reuters.
TSMC, the world's largest contract chipmaker, announced in May 2020 it would build a $12 billion factory in Arizona, an apparent win by the Trump administration in its push to wrestle global tech supply chains back from China.
TSMC is setting up a 12-inch wafer fabrication plant in Phoenix, and the facility is expected to start volume production in 2024, Taiwan's investment commission of the ministry of economic affairs, which approved the investment, said in December.
TSMC manufactures the bulk of its chips in Taiwan and has older chip facilities in China and the U.S. state of Washington. |