TSMC Plans Multibillion US Microchip Plant Expansion

Taiwan Semiconductor Manufacturing Co Ltd is planning a new multibillion-dollar investment in a factory in the US, the Wall Street Journal reported.

The Taiwanese chip giant – the world’s largest chipmaker – will build a cutting-edge semiconductor plant to make 3nanometre chips in northern Phoenix, Arizona, according to the report, which said it would cost the world’s biggest chipmaker about $12 billion.

The United States has been encouraging foreign tech firms to manufacture in the country and also vigorously supporting local research, development and manufacturing after passing its CHIPS Act.

Read the full report: Wall Street Journal.

China Opposes Taiwan’s $10m Lithuanian Chip Investment

Japan Plans Major Arms Buildup as China Eyes Taiwan Takeover

Nvidia Offers New Chip to China That Meets US Limits

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.