TSMC makes $100 billion investment in manufacturing in Arizona
March 12
Taiwan Semiconductor Manufacturing Company (TSMC), a Taiwanese chip manufacturer, just announced another $100 billion investment in Arizona.
TSMC, the world’s biggest semiconductor manufacturer, produces chips for companies like Apple, Intel and Nvidia.
The company had already begun constructing three plants in Arizona. Its first factory in Arizona has started mass production of its 4-nanometer chips.
In 2022, Former President Joe Biden signed a sweeping $280 billion law, the CHIPS and Science Act, to try to reinvigorate chip manufacturing in the U.S., especially after the COVID-19 pandemic.
The money will expand the company’s footprint in Arizona from three manufacturing plants to six, add 25,000 jobs and create a research and development center to develop future production processes.
Danny Seiden, President and CEO of the Arizona Chamber of Commerce and Industry, joined us to discuss.
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