Friday, May 15, 2020

Taiwan Firm to Build Chip Factory in US. May 2020 for 2024

WSJ: Taiwan Firm to Build Chip Factory in US

Taiwan Semiconductor Manufacturing Co, (TSMC) the world’s largest contract manufacturer of silicon chips, said Friday it would spend $12 billion to build a chip factory in Arizona, as US concerns grow about dependence on Asia for the critical technology. 

TSMC said the project, disclosed earlier Thursday by The Wall Street Journal, has the support of the federal government and the state of Arizona. It comes as the Trump administration has sought to jump-start development of new chip factories in the US due to rising fears about the US’s heavy reliance on Taiwan, China and South Korea to produce microelectronics and other key technologies. 

TSMC made the decision to go ahead with the project at a board meeting on Tuesday in Taiwan, according to people familiar with the matter, adding that both the State and Commerce Departments are involved in the plans. 

Construction will begin next year with production targeted for 2024, the company said in a statement.

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