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HomeUS NewsTSMC announces 2nd factory in Phoenix as President Biden visits Ariz.

TSMC announces 2nd factory in Phoenix as President Biden visits Ariz.

An aerial photo shows the construction progress of Taiwan Semiconductor Manufacturing Co. in north Phoenix in December 2022.
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Taiwan Semiconductor Manufacturing Co.’s massive economic investment in Arizona is about to get much bigger.

The company plans to announce construction of another factory when President Biden visits the north Phoenix site Tuesday, an expansion that would more than triple the company’s stake in Arizona from an original estimate of $12 billion to $40 billion.

It would also mark the state’s largest private-sector investment ever and one of the largest direct foreign investments anywhere in the United States.

Biden’s visit to TSMC is his first to the state as president. During the event, TSMC also plans to announce it will produce advanced, smaller, 3-nanometer chips by 2026 at that new factory, or fab.

The company also will announce plans to develop more advanced chips at the original facility now under construction, going from 5 nanometers in size down to 4. The expanded plan is expected to more than double the number of permanent jobs at the TSMC facility.

Story Credit: usatoday.com

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