TSMC investment in Arizona nearly doubled Taiwan's outward FDI Jan.-Sept. 2023
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Summary
TSMC, the world's leading semiconductor manufacturer, is set to expand its operations in the United States. The company plans to build a new advanced chip production plant in Phoenix, Arizona, with an investment of $35 billion. This move comes in response to increasing demand for advanced chips and the global shortage of semiconductor supplies. TSMC's decision aligns with the U.S. government's push to bolster domestic semiconductor manufacturing capabilities, ensuring a stable supply chain for critical technologies. The new facility is expected to create thousands of jobs and further solidify TSMC's position as a key player in the semiconductor industry.
Digitimes
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