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Semiconductors

TSMC starts construction of $12bn Arizona chip plant

Taiwan company's first US factory in 20 years set to begin production by 2024

  © AFP/Jiji

TAIPEI -- Taiwan Semiconductor Manufacturing Co. has started building a $12 billion chipmaking plant in Arizona, the company said on Wednesday, bolstering Washington's aim of strengthening the American chipmaking industry.

The factory will be TSMC's first in the U.S. in two decades and is set to begin production by 2024. The Taiwanese company is the world's biggest contract chipmaker and an important supplier to Apple and Google.

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