World-leading Taiwanese semiconductor foundry TSMC is to invest an additional $100bn in semiconductor manufacturing facilities in Arizona, taking its overall investment in the state to $165bn.
Dr. C.C. Wei, Chairman and CEO, said TSMC would build three new fabs, two advanced packaging fabs and a research and development centre, which will support AI and smartphone progress. He said it marked the largest foreign direct investment in US history.
Under the Biden administration, TSMC received a $6bn grant, prompting the initial $65bn investment tranche.
TSMC said the extra investment would support customers such as Apple, NVIDIA, AMD, Broadcom, and Qualcomm and support 40,000 construction jobs in the next four years.
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