GIVEAWAY: Sabrent Rocket 4 Plus PCIe 4.0 NVMe SSDs up for grabs!

TSMC sets up Arizona, USA subsidiary with $3.5 billion in capital

Taiwan Semiconductor Manufacturing Co. Ltd (TSMC) announces it will set up a wholly-owned subsidiary in Arizona, USA with $3.5B.

@anthony256
Published Thu, Nov 12 2020 1:53 AM CST   |   Updated Thu, Nov 12 2020 12:35 PM CST

Taiwan Semiconductor Manufacturing Co. Ltd (TSMC) has announced that its board has approved a large investment to establish a wholly-owned subsidiary in Arizona with $3.5 billion in capital.

TSMC sets up Arizona, USA subsidiary with .5 billion in capital 05 | TweakTown.com
VIEW GALLERY - 2 IMAGES

The new plant will be co-financed between TSMC, the state of Arizona, and the US federal government. TSMC explained in a statement: "Approved an investment to establish a wholly-owned subsidiary in Arizona, United States of America, with a paid-in capital of US$3.5 billion (approximately NT$99.75 billion)".

TSMC announced plans in May 2020 of building a $12 billion new factory in Arizona, which was a positive sign for the USA thanks to President Trump. The Trump administration is trying to get global tech supply chains out of the grips of China, and onto US soil. This is a solid move for TSMC and the United States going forward, as well as the state of Arizona.

TSMC sets up Arizona, USA subsidiary with $3.5 billion in capital 06 | TweakTown.com

The company recently posted job listings in the US for its new wafer fab plant, looking for R&D engineers, process integration engineers, module process engineers, module equipment engineers, facility mechanical engineers and equipment automation software engineers.

TSMC has said that the Arizona factory will begin construction in 2021, where it is expecting to begin pumping chips out sometime in 2024.

Buy at Amazon

Halt and Catch Fire: Season 1 [Blu-ray]

TodayYesterday7 days ago30 days ago
$17.99$17.99$17.99
* Prices last scanned on 12/4/2020 at 12:54 pm CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:focustaiwan.tw

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles