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Four new TSMC chip factories may be coming to Arizona
AZ Family • • business
Key Points:
- Taiwan Semiconductor Manufacturing Co. (TSMC) announced plans to invest an additional $100 billion in the U.S., potentially adding four new chip fabrication plants in Arizona focused on producing advanced 2-nanometer and smaller chips.
- This investment would expand TSMC’s existing $165 billion Arizona project, which includes six chip plants, two packaging facilities, and an R&D center, bringing the company’s total U.S. commitment to approximately $265 billion.
- Arizona officials, including Governor Katie Hobbs and Phoenix Mayor Kate Gallego, hailed the investment as transformative, positioning the state as a global hub for semiconductor manufacturing and innovation.
- The increased investment is driven by strong demand for AI-related chips, with TSMC raising its 2024 capital expenditure budget to $60-$64 billion and forecasting over 40% revenue growth in 2026.
- TSMC reported record quarterly profits and revenue growth, reflecting robust global demand for advanced semiconductors used in AI, medical devices, aerospace, and national defense.
