The Taiwan Semiconductor Manufacturing Company, known as TSMC, plans to invest $40 … – | KJZZ

Christina Estes/KJZZLocal and Taiwanese officials celebrate the opening of TSMC in Phoenix on Dec. 6, 2022.President Joe Biden visited north Phoenix on Tuesday to mark a major announcement in the semiconductor industry. The Taiwan Semiconductor Manufacturing Company, known as TSMC, plans to invest $40 billion in Arizona between a nearly completed facility and a second plant expected to open in 2026.TSMCPresident Joe Biden spoke at TSMC opening ceremony in Phoenix on Dec. 6, 2022.“We’re making things here in America and shipping the products overseas rather than shipping the jobs overseas to make things overseas and bring them back home,” Biden said during a ceremony.The U.S. doesn’t “really make any of the world’s most sophisticated, leading edge, cutting edge chips,” said Commerce Secretary Gina Raimondo. “And that’s not just an economic vulnerability — that’s a national security issue, a national security vulnerability.” TSMC is the world’s leading manufacturer of advanced semiconductors and its Phoenix operations represent the largest direct foreign investment in Arizona history. The company’s first fabrication facility, referred to as a fab, will begin production of N4 process technology in 2024 and its second fab is scheduled to begin production of 3nm process technology in 2026.“It’s a chance for
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