TSMC starts construction of Arizona chip fab
TSMC has started construction at a site in Arizona where it plans to spend USD 12 billion to build a computer chip factory.
CEO C.C. Wei said the planned factory remains on track to start volume production of chips using the company's 5-nanometer production technology in 2024, Reuters writes in a news update. TSMC is one of several companies, including Intel and Samsung Electronics, competing for a portion of the USD 54 billion in subsides that advanced in the United States Senate. Evertiq has previously reported about TSMC's rumoured plans to build up to five additional fabs in the US, more specifically in Arizona.