TSMC sees $10 bln in annual revenue from Arizona chip plants

U.S. President Joe Biden speaks with Chairman of TSMC Mark Liu during a visit to TSMC AZ's first Fab in P1A , in Phoenix, Arizona, U.S. December 6, 2022. REUTERS/Jonathan Ernstplans to build a second chip plant in Arizona and more than triple its initial investment to $40 billion, estimating on Tuesday annual revenue of $10 billion from the plants when they are up and running.

The foreign investment by Taiwan Semiconductor Manufacturing Co, the world's biggest chip contract manufacturer, is one of the largest in U.S. history. The first chip fabrication facility, or fab, will be operational by 2024 while the second facility nearby will make the most advanced chips currently in production, called "3 nanometer," by 2026.opening ceremony"When completed with both fabs, we will manufacture over 600,000 wafers a year, representing $10 billion in yearly revenue," said TSMC Chairman Mark Liu, adding that customers using those chips would have annual sales of over $40 billion.

Another Biden win

Yeah Taiwan and USA!

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TSMC to up Arizona investment to $40 billion with second semiconductor chip plantThe company will also announce it will be producing more technically advanced chips than originally proposed. 2 words…. Made in America 😂 President Biden has focused attention to vital American redevelopment agenda. Why AZ? There is no damn water and that state will be gone in a few decades
Source: CNBC - 🏆 12. / 72 Read more »

TSMC Raises Arizona Chip Investment to $40 Billion as Biden VisitsTSMC, the world’s largest contract chip maker, plans to build a second semiconductor factory in Arizona and increase its investment there to $40 billion, the White House said Sweet. My tax dollars are going to fund a foreign company’s venture. So much better than the regular domestic corporate socialism I’m used to 🙄 Of course, I'm pretty sure Pelosi has stocks. Did you leave out how much the American taxpayer is paying for this plant?
Source: WSJ - 🏆 98. / 63 Read more »