On the occasion of President Biden’s visit to the TSMC construction site in Arizona, the Taiwanese giant announced that it would increase its investment to $40 billion for the manufacture of its foundries in the United States.
TSMC puts the package in Arizona
Tuesday, December 6, Joe Biden came to visit a site of Taiwan Semiconductor Manufacturing Co (TSMC) in Arizona. The site where the company plans to build a second foundry to manufacture semiconductors. After announcing an initial investment of 12 billion dollars on American soil, the Taiwanese giant has therefore decided to intensify its chip manufacturing projects in the USA.
This announcement follows the adoption, earlier this year, of a law aimed at stimulating the production of semiconductors in the United States, the CHIPS Act. An envelope of $280 billionof which 52.7 billion just for the semiconductor sector, whose objective is ” improve the competitiveness of the United States vis-à-vis China in the field ».
A subsidy that TSMC intends to take advantage of. Although the company said in a letter to the Department of Commerce last month that it mainly on its own capital for the manufacture of factories. To deal with any unexpected problems, the Taiwanese giant nevertheless specifies that it may need part of the government subsidy.
On the occasion of his visit, the American president declared that ” TSMC’s factories are going to be an incredible asset to the State of Arizona. American-made is back “. The construction of the Taiwanese foundry’s first factory has already begun several months ago. That of the second plant should start within a few months and production could start in 2026.
As explained by Wall Street Journal, this second factory will manufacture chips with 3 nanometer technology. Simply put, it’s about chips the smallest and most powerful in the world. After his speech in Arizona, Joe Biden met with a number of people including Morris Chang and Mark Liu of TSMC, Tim Cook of Apple, Jensen Huang of Nvidia, Sanjay Mehrotra of Micron and Peter Wennink of ASML. The Apple boss said on Twitter that Apple would be TSMC’s biggest customer in Arizona.