Taiwan chip maker TSMC's $12 billion Arizona factory could give the US an edge in manufacturing

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Taiwan chip maker TSMC's $12 billion Arizona factory could give the US an edge in manufacturing
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Taiwan Semiconductor Manufacturing Co has announced that it plans to build a $12 billion semiconductor factory in Arizona that will create more than 1,600 high-tech jobs, with construction to start next year.

Hong Kong One of the world's top chip making companies is bringing more manufacturing power to the United States.

Taiwan Semiconductor Manufacturing Co., or TSMC, announced on Friday that it plans to build a $12 billion semiconductor factory in Arizona, with construction to start next year. TSMC said the factory will create more than 1,600 high-tech jobs. It is expected to begin production in 2024.

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