TSMC to Build Chip Plant in Arizona With Government Support

Bloomberg reports Taiwan Semiconductor Manufacturing Co. is planning to build a $12 billion chip plant in Arizona, a potential realignment of global trade designed to allay U.S. concerns over supply chain security.

Taiwan’s largest company confirmed on Friday it’s locating its next major fabrication facility in the U.S. state, a victory for a Trump administration that’s pushed for more high-tech manufacturing to return to the U.S. TSMC had negotiated a deal with the administration to manufacture semiconductors in the U.S. to create jobs and produce sensitive components domestically for national security reasons, according to people familiar with the situation.

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