Taiwan Semiconductor Manufacturing Co (TSMC) has announced a significant investment of $100 billion in advanced chipmaking facilities in the United States, marking a major shift in its global manufacturing strategy.
The Taiwanese company aims to establish itself as a leading player in the growing demand for semiconductors in the US. TSMC’s new investment is expected to create thousands of jobs and drive economic growth in the region.
TSMC’s move follows a significant push by the US government to attract foreign companies to invest in its chipmaking industry. The company will build two new factories, one in Arizona and another in South Carolina, which are expected to be operational by 2025.
The investment is also seen as a strategic move by TSMC to strengthen its position in the global market, given the increasing competition from other Asian companies such as Samsung Electronics and SK Hynix.
Source: https://www.ft.com/content/bec74539-098a-48dd-b0e6-7c33f9d5835e