TSMC Eyes Five Additional Arizona Fabs For US Chip Building Drive: Reuters

Taiwan Semiconductor Manufacturing Co Ltd TSM plans to set up around five additional fabs in Arizona apart from the current one, Reuters reports.
It announced the $12 billion Arizona chip factory in May 2020.
TSMC was setting up a 12-inch wafer fabrication plant in Phoenix, with expected volume production from 2024.
Last month, TSM had announced a $100 billion investment over three years to drive chip building capacity.
Intel Corp INTC also announced a $20 billion investment towards two-chip building factories in Arizona.
Samsung Electronics Co Ltd SSNLF previously shortlisted two sites in Arizona and one in New York for a $17 billion chip plant.
Price action: TSM shares traded lower by 1.33% at $114.4 on the last check Tuesday.