Taiwan Semiconductor Manufacturing Co Ltd, a major supplier to Apple Inc, announced on Friday it will build a $12 billion chip factory in Arizona, in what the company called a 'strong partnership' with the U.S. government.
- Taiwan Semiconductor Manufacturing Co Ltd, a major supplier to Apple Inc, announced on Friday it will build a $12 billion chip factory in Arizona, in what the company called a “strong partnership” with the U.S. government.
The plant will create as many as 1,600 jobs and produce the most sophisticated 5 nanometer chips, TSMC said in a statement. The Taiwan company also has an older chip facility in Washington state. Shares of TSMC, the world’s most valuable semiconductor company with a market capitalisation of $255 billion that exceeds Intel Corp’s, rose more than 1.5% on Friday morning, outperforming a 0.8% gain in the main Taiwan stock market.Taiwan's TSMC announces plan to build $12 billion U.S. factory
Semiconductors play a key role in both consumer electronics and defense equipment. The vast majority of the most advanced chips are made in Asia, which has caused concern among U.S. officials as a strategic rivalry with China deepens over the origins of the deadly coronavirus. Last week, TSMC said it had been considering the United States as a location for a new factory but there was “no concrete plan yet.”
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