TSMC Says Construction on Arizona Chip Plant is 'Well Under Way'

Taiwan Semiconductor Manufacturing Co. says construction on a $12 billion chip plant in Phoenix, Arizona is 'well under way'.

Bloomberg reports that Chief Executive Officer C.C. Wei confirmed headway during a pre-recorded presentation at the company's annual technology symposium for North America yesterday.

Phoenix city officials approved financial incentives and government support for the project in November. The city agreed to provide about $200 million to develop roads, sewers and other infrastructure, according to a notice from the city council. Wei also reiterated a previously announced plan to mass produce advanced 5-nanometer chips by 2024 in the state.


Notably, a report last month claimed that TSMC could build up to five additional fabs at the same location, having purchased enough land to do so.

Semiconductor shortages and a desire to reduce reliance on Asian supply chains could result in the government allocating billions to strengthen domestic manufacturing. It's possible that TSMC's plants in Arizona could benefit from such efforts.

More details in the full report linked below...

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