Tim Cook joins US executives as TSMC announces $40 billion investment to produce chips in Arizona
On Tuesday, the Apple CEO joined President Biden and Arizona officials at a televised event at the site where TSMC is building a semiconductor fab slated to open in 2024. ‘Apple Expands Relationship with TSMC, New Factory Will Start Producing Apple Silicon in the United States.
In 2021, TSMC originally announced that it would invest $12 billion in a manufacturing facility. At Tuesday’s event, TSMC announced it would increase its investment to $40 billion, representing a second fab where 3nm chips would go into production when it opens in 2026. manufacturing will produce 4nm chips starting in 2024. President Biden says new factory will create tens of thousands of ‘construction’ and ‘high-tech’ jobs for Arizonans
“Next year commercial operations will begin and today TSMC announced a second major investment. It will build a second fab here in Phoenix to build ‘three nanochips’, ‘chips that are three nano’, you see what I mean. “President Biden
WATCH: CEO Tim Cook says Apple will build chips in the US for the first time in nearly a decade, working with TSMC https://t.co/T68jCnp5k5 pic.twitter.com/KV0ilHe5jq
– Bloomberg Technology (@technology) December 7, 2022
Tim Cook says the chips for many Apple products will be produced at the Phoenix factory and that “thanks to the hard work of so many people […] these chips can be proudly stamped: ‘Made in America’.
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