TSM Initiates Construction Of $12B Arizona Chip Factory

Comments
Loading...
  • Taiwan Semiconductor Manufacturing Co Ltd TSM has started the $12 billion chip factory construction in the Arizona site, Reuters reports based on CEO C.C. Wei during the annual technology presentation.
  • Wei reiterated the factory’s mass production plans of the 5-nm by 2024, Bloomberg Quint reports.
  • TSM is expected to compete for the U.S. chip subsidies worth $54 billion apart from Intel Corp INTC and Samsung Electronics Co Ltd SSNLF.
  • TSM plans to construct around six factories at the Arizona site over 10 – 15 years.
  • Price action: TSM shares traded lower by 0.43% at $118 in the premarket session on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs

Posted In: