TSMC announces $100B investment to make cutting-edge chips in US
What's the story
World's top chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has announced a massive investment of at least $100 billion to ramp up chip production in the United States.
The money will be used to build two new semiconductor manufacturing plants in Phoenix, Arizona.
The new investment builds on TSMC's earlier $65 billion commitment for three Arizona factories and the extra $6.6 billion given by the Biden administration under the CHIPS Act.
Expansion timeline
TSMC's future plans for advanced chip production
TSMC started producing 4-nanometer chips at its Arizona plant in January. However, the company plans to produce chips on "2nm or even more advanced process technology" by the end of this decade.
TSMC's second Arizona plant launch has been pushed to 2027 or 2028 from an earlier target of 2026.
Economic impact
TSMC's investment to create high-paying jobs
TSMC CEO C.C. Wei said, "We are producing the most advanced chip made on US soil with the success of our first plant."
He also added that this investment would create thousands of high-paying jobs and produce many AI chips.
TSMC's investment plans fit President Donald Trump's vision of making the US a leader in AI and semiconductors, key components in the ongoing US-China rivalry.