Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, announced plans to invest $40 billion in a new semiconductor fabrication facility in Arizona. The investment aims to boost U.S. chip production and address supply chain vulnerabilities. TSMC’s new fab will manufacture advanced 3-nanometer chips, which are expected to be in high demand for applications like artificial intelligence and high-performance computing. The facility is projected to create over 4,500 jobs and commence production in 2024. This move aligns with the U.S. government’s efforts to strengthen domestic chip manufacturing capabilities and reduce reliance on foreign suppliers. TSMC’s decision underscores the strategic importance of semiconductor production and the global race to secure a competitive edge in this critical technology sector.
Source: https://www.cnn.com/2024/04/08/tech/tsmc-arizona-chip-factory-investment/index.html