The world’s largest manufacturer of semiconductors announced plans to invest another $100 billion in its U.S. operations, company officials announced.
TSMC said the announcement represented the largest single direct investment by an overseas company in U.S. history.
Three New Fabs
Officials said the overall funding package would support three new semiconductor fabrication facilities, two advanced packaging hubs, and a “major” research and development center.
The projects would create “tens of thousands” of jobs in chip manufacturing and R&D as well as some 40,000 construction jobs over four years.
TSMC estimated that the investment would generate $200 million in indirect economic activity over a decade and “hundreds of billions” in value for artificial intelligence and other advanced applications.
Adds to Tens of Billions in Earlier Commitments
The newly announced funding would be in addition to a $65 billion announcement last year, which, in part, went toward a Phoenix fab that is currently producing 4-nanometer chips.
Supplying the World’s Tech Giants
TSMC, or Taiwan Semiconductor Manufacturing Co., supplies chips to some of the world’s leading technology companies, including Apple, NVIDIA, Qualcomm, AMD, and Broadcom. Its other U.S. facilities are located in Washington state, Silicon Valley, and Austin, Texas.
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