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

President Biden hails manufacturing revival in America

20221206 factory of Arizona

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

CHENG TING-FANG, Nikkei Asia chief tech correspondent

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.

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