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Reuters
TSMC sees $10 billion in annual revenue from Arizona chip plants
PHOENIX/WASHINGTON (Reuters) -Taiwan chipmaker TSMC plans 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.
