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After US President Joe Biden announced that TSMC, the world’s largest semiconductor manufacturer, will triple its investment in the USA to $40 billion, it has been announced that the company will visit its facilities in Arizona.
US President Joe Biden will visit the company’s factory in Arizona after Taiwanese chip maker TSMC announced that it will triple the amount it will make to the country to $40 billion, one of the largest investments in US history.
It is stated that the investment to be made is an important gain for Biden, who experienced the negative impact of supply chain problems on the US economy in the first term of his presidency.
In the statement made by the White House, Apple CEO Tim Cook, TSMC Co-Founder Morris Chang, President of Micron Technology, Asanjay Mehrotra, and CEO of NVIDIA, to support technology products in the USA during US President Biden’s visit to the facility in Phoenix It was stated that Su Jensen Huang would attend.
Largest supplier of Apple and NVIDIA
The $12 billion facility is expected to be operational in 2024. TSMC, the world’s largest chip manufacturer, is also the largest supplier of hardware manufacturing giants such as Apple and NVIDIA in the USA.
TSMC stated that it will build a second facility close to the existing facility by 2026, where advanced N3 chips will be produced. The company noted that the current facility will also produce chips with more advanced technology than previously announced.
TSMC WILL MANUFACTURE 3 NANOMETER CHIPS IN ITS FACTORY IN ARIZONA
While TSMC’s total investment in two facilities in Arizona reached $40 billion, this figure is the largest foreign investment in the history of the company and one of the largest foreign investments in the history of the USA.
The company announced that when completed, the two facilities will produce approximately 600,000 disk platters annually for chip production, and the end-user value of these products will amount to $40 billion.
On the other hand, it was also stated that an industrial water recovery facility will be built as chip production is a water-intensive process and Arizona, which is mostly desert, is struggling with increasing water scarcity.
10 thousand high-tech employees are targeted
The company announced that the factories built in Phoenix will provide 10 thousand high-tech employees, of whom 4,500 will be within TSMC.
With the shortage of chips for vehicles and other technological products due to supply problems during the pandemic, US President Biden has been looking for ways to increase local chip production recently.
A report on supply issues by the White House last year noted that chip production in the United States accounted for only 12 percent of global production, compared to 37 percent 20 years ago.
Taiwan’s dominant position in the chip industry, which is used in many areas of technology from smartphones and cars to warplanes, has become a cause for concern, especially with the recent support of China’s sovereignty claims over the island with military pressure.