TSMC started building its third chip plant in Arizona yesterday after receiving permits. The company began work just hours after government approval came through. This comes after TSMC promised $100 billion for US investments, announced earlier with President Trump. The new factory adds to the current $65 billion Arizona campus project.
Commerce Secretary Howard Lutnick visited right when construction began. His department said the total $100 billion plan will create 40,000 construction jobs. The project should add more than $200 billion to Arizona's economy. The timing seems linked to reports that TSMC has not sent investment details to Taiwan's government for approval.
The Arizona plants aim to make chips in America instead of sending work overseas. Apple CEO Tim Cook called his company the first major customer for these plants. NVIDIA head Jensen Huang praised the administration for supporting US manufacturing. AMD chief Lisa Su announced her company plans to use the plant's advanced N2 process for high-performance computing chips.
Commerce Secretary Howard Lutnick visited right when construction began. His department said the total $100 billion plan will create 40,000 construction jobs. The project should add more than $200 billion to Arizona's economy. The timing seems linked to reports that TSMC has not sent investment details to Taiwan's government for approval.
The Arizona plants aim to make chips in America instead of sending work overseas. Apple CEO Tim Cook called his company the first major customer for these plants. NVIDIA head Jensen Huang praised the administration for supporting US manufacturing. AMD chief Lisa Su announced her company plans to use the plant's advanced N2 process for high-performance computing chips.
