‘American Manufacturing Is Back’: Biden Welcomes Planned New Semiconductor Plant in Arizona
President Joe Biden visited a new semiconductor plant in Arizona on Dec. 6 as part of an effort to reestablish the United States as a world leader in advanced chip manufacturing.
Taiwan Semiconductor Manufacturing Company Limited (TMSC), the Taiwanese chipmaker that runs the plant, announced that it plans to triple its planned investment in the region and will build a second semiconductor manufacturing plant there by 2026. The current facility produces 5- and 4-nanometer chips, and the new one will make 3-nanometer chips by 2026, the most advanced chips on the market.
TSMC’s investment in the two Arizona facilities will total some $40 billion, making it the company’s largest investment outside of Taiwan, and one of the largest direct investments by a foreign power in U.S. history….