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TSMC to triple U.S. chip investment to $40bn to serve Apple, others

President Biden hails manufacturing revival in America

TSMC is building a multibillion-dollar facility in Phoenix, Arizona, to produce cutting-edge chips for U.S. clients. (Photo courtesy of TSMC)

PHOENIX, U.S. -- Taiwan Semiconductor Manufacturing Co. is to more than triple its investment in the U.S. to $40 billion and bring the world's most advanced chip production technology to the country by 2026, in a victory for Washington's push to onshore vital parts of the semiconductor supply chain.

TSMC, the world's biggest contract chipmaker, announced on Tuesday it will increase its investment in Arizona, where it is building a $12 billion chip facility, to $40 billion in order to build a second, even more advanced plant there.

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