Taiwanese semiconductor manufacturing giant TSMC has announced that it will be investing an additional $3.5 billion in its Arizona production operation. The move comes as the company ramps up its efforts to expand its manufacturing operations in the United States.
TSMC had already announced in December 2022 that it would be increasing its investment in Arizona, with plans to build two massive manufacturing operations in the state. The investment for both factories is expected to total around $40 billion, making it the largest foreign direct investment in Arizona’s history. The two factories are also expected to create 4,500 direct jobs for TSMC.
Construction of the second fab has already begun, and it is scheduled to start production in 2026 using the 3 nm process technology. Meanwhile, TSMC’s first fab is set to start production of N4 process technology in 2024.
With the additional injection of capital, TSMC is demonstrating its commitment to expanding its presence in the United States, while also investing in cutting-edge manufacturing technology. As the world’s largest semiconductor manufacturer, TSMC’s continued investment in the United States will play a key role in driving the development of next-generation technology and innovation.