TSMC Triples Arizona Chip Plant Investment, Apple Confirms to Only Use Chips Made in the US
upstart writes:
Taiwan's TSMC or the Taiwan Semiconductor Manufacturing Co Ltd. announced on Tuesday that they will be tripling their planned investment at the Arizona plant in the US to a total of $40 billion. US President Joe Biden, who visited the TSMC plant in Arizona, hailed the project as it emerges as one of the largest foreign investments in US history.
[...] Mark Liu, the chairman of TSMC estimates to have an annual revenue of $10 billion when the two planned chip fabrication plants open, adding that customers would have annual sales of $40 billion from products using chips made there.
Three of TSMC's largest customers, Apple Inc, NVIDIA Corp and AMD Inc, have stated that they expect to source most of their upcoming chips from the American plants of TSMC.
Apple meanwhile, has stated that going forward, they will only be using chips that have been made at an American TSMC plant. Speaking at the event, Apple's CEO Tim Cook said, "We work with TSMC to manufacture the chips that help power our products all over the world. And we look forward to expanding this work in the years to come as TSMC forms new and deeper roots in America."
[...] Taiwan's dominant position as a maker of chips used in technology from cellphones and cars to fighter jets has sparked concerns of over-reliance on the island, especially as China ramps up military pressure to assert its sovereignty claims.
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