TSMC to up Arizona investment

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PearlynCSY
2022-12-07

TSMC to up Arizona investment to $40 billion with second semiconductor chip plant. The investment by TSMC is one of the largest foreign investments in U.S. history, and the largest in the state of Arizona.

Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health-care devices. Once the plants open, they will produce enough chips to meet the U.S. annual demand.

The announcement comes in wake of the passage of the CHIPS and Science Act which was signed into law in early August.

President Joe Biden is joining the founder of Taiwan Semiconductor Manufacturing

Co. on Tuesday to announce the opening of the company’s second chip plant in Arizona, raising its investment in the state from $12 billion to $40 billion.

The company will also announce it will be producing more technically advanced chips than originally proposed. The investment by TSMC is one of the largest foreign investments in U.S. history, and the biggest in the state of Arizona.

TSMC Sees $10 Bln in Annual Revenue From Arizona Chip Plants

Taiwan chipmaker TSMC plans to build a second chip plant in Arizona and more than triple its initial

TSMC Sees $10 Bln in Annual Revenue From Arizona Chip Plants

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AnthonyC
·2022-12-07
Nice
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TanGK
·2022-12-07
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Hangmau
·2022-12-07
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Hll11
·2022-12-07
[微笑]
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糖果不是糖
·2022-12-07
🤓
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TrevorTan
·2022-12-07
👍
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wx1985
·2022-12-07
nice
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TSY123
·2022-12-07
Ok
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小虎投资123
·2022-12-07
hh
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寂静De夜晚
·2022-12-07
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BoloBolo
·2022-12-07
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by 2026.U.S. President Joe Biden and others, including the CEOs of major TSMC customers, attended an opening ceremony for the new $12 billion facility in an arid and barren part of northern Phoenix.&#34;When completed with both fabs, we will manufacture over 600,000 wafers a year, representing $10 billion in yearly revenue,&#34; said TSMC Chairman Mark Liu, adding that customers using those chips would have annual sales of over $40 billion. A wafer is the shiny disc that chips are made on.Liu said the two plants will create 13,000 high-paying tech jobs, including 4,500 under TSMC and the rest filled by suppliers.Apple Inc, Nvidia Corp, and Advanced Micro Devices Inc, all major TSMC customers, said they expected their chips to be made in the new Arizona plants.&#34;We work with TSMC to manufacture the chips that help power our products all over the world. And we look forward to expanding this work in the years to come as TSMC forms new and deeper roots in America,&#34; said Apple CEO Tim Cook.&#34;AMD expects to be a big customer, of both fabs and we&#39;re committed to working closely with TSMC and the entire ecosystem,&#34; said AMD CEO Lisa Su.At least a dozen major cranes are still set up around the first factory which is dubbed Fab 21.Against the background of the new factory draped with an American flag and a banner reading &#34;A Future Made in America Phoenix, AZ,&#34; top executives led by TSMC founder Morris Chang, 91, toasted the factory opening with sparkling wine.Nearly 600 engineers hired in Arizona have been sent to Taiwan for training, Chang said. &#34;This is a very good sign that my dream of 25 years ago will now be fulfilled,&#34; he said of his wish to build fabs in the United States.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2289510826","content_text":"Taiwan chipmaker TSMC plans to build a second chip plant in Arizona and more than triple its initial investment to $40 billion, estimating on Tuesday annual revenue of $10 billion from the plants when they are up and running.The foreign investment by Taiwan Semiconductor Manufacturing Co, the world's biggest chip contract manufacturer, is one of the largest in U.S. history.The first chip fabrication facility, or fab, will be operational by 2024 while the second facility nearby will make the most advanced chips currently in production, called \"3 nanometer,\" by 2026.U.S. President Joe Biden and others, including the CEOs of major TSMC customers, attended an opening ceremony for the new $12 billion facility in an arid and barren part of northern Phoenix.\"When completed with both fabs, we will manufacture over 600,000 wafers a year, representing $10 billion in yearly revenue,\" said TSMC Chairman Mark Liu, adding that customers using those chips would have annual sales of over $40 billion. A wafer is the shiny disc that chips are made on.Liu said the two plants will create 13,000 high-paying tech jobs, including 4,500 under TSMC and the rest filled by suppliers.Apple Inc, Nvidia Corp, and Advanced Micro Devices Inc, all major TSMC customers, said they expected their chips to be made in the new Arizona plants.\"We work with TSMC to manufacture the chips that help power our products all over the world. And we look forward to expanding this work in the years to come as TSMC forms new and deeper roots in America,\" said Apple CEO Tim Cook.\"AMD expects to be a big customer, of both fabs and we're committed to working closely with TSMC and the entire ecosystem,\" said AMD CEO Lisa Su.At least a dozen major cranes are still set up around the first factory which is dubbed Fab 21.Against the background of the new factory draped with an American flag and a banner reading \"A Future Made in America Phoenix, AZ,\" top executives led by TSMC founder Morris Chang, 91, toasted the factory opening with sparkling wine.Nearly 600 engineers hired in Arizona have been sent to Taiwan for training, Chang said. \"This is a very good sign that my dream of 25 years ago will now be fulfilled,\" he said of his wish to build fabs in the United 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