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<ul>
	<li>Taiwan Semiconductor Manufacturing Co Ltd&nbsp;TSM has started the $12 billion chip factory construction in the Arizona site,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/technology/tsmc-says-construction-has-started-arizona-chip-factory-2021-06-01/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reports</a>&nbsp;based on CEO C.C. Wei during the annual technology presentation.</li>
	<li>Wei reiterated the factory&rsquo;s mass production plans of the 5-nm by 2024,&nbsp;<a class="editor-rtfLink" href="https://www.bloombergquint.com/business/tsmc-says-construction-of-arizona-chip-plant-is-well-underway" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg Quint reports</a>.</li>
	<li>TSM is expected to compete for the U.S. chip subsidies worth $54 billion apart from&nbsp;Intel Corp&nbsp;INTC and&nbsp;Samsung Electronics Co Ltd&nbsp;SSNLF.</li>
	<li>TSM plans to construct&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/21/05/20932594/tsmc-eyes-five-additional-arizona-fabs-for-us-chip-building-drive-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">around six factories</a>&nbsp;at the Arizona site over 10 &ndash; 15 years.</li>
	<li>Price action:&nbsp;TSM shares traded lower by 0.43% at $118 in the premarket session on the last check Wednesday.</li>
</ul>

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TSM Initiates Construction Of $12B Arizona Chip Factory - Taiwan Semiconductor (NYSE:TSM)

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TSM Initiates Construction Of $12B Arizona Chip Factory

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