TSMC to increase investment in Arizona to $40B as Biden visits chip manufacturer ...Middle East

The Taiwan Semiconductor Manufacturing Company (TSMC) is set to announce it will increase its investment in Arizona from $12 billion to $40 billion while President Biden heads to visit the chip manufacturer on Tuesday. It will be the largest foreign investment in Arizona history and one of the largest in U.S. history. TSMC will also announce it will build a second facility in Arizona that will produce 3-nanometer chips by 2026. Those chips are most advanced semiconductors on the market today, according to White House officials. TSMC, based in Taiwan, is the world’s largest contract chipmaker and a major supplier to Apple. The company is currently constructing a plant in Phoenix t

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