TSMC Pledges to Spend $100B on US Chip Facilities
TSMC aims to invest at least $100 billion in chip manufacturing plants in the U.S. over the next four years as part of an effort to expand its network of semiconductor factories. The company's cash infusion will fund the construction of several new facilities in Arizona, with TSMC previously investing around $65 billion and receiving up to $6.6 billion in grants from the CHIPS Act. This significant investment brings TSMC's total investments in the U.S. chip industry to around $165 billion.
- The scale of TSMC's commitment highlights the growing recognition that the U.S. needs a robust domestic semiconductor industry to maintain its global competitiveness, particularly in emerging technologies like AI.
- What role will China play in shaping the trajectory of TSMC's investments and how might this impact the country's own efforts to develop its own cutting-edge chip manufacturing capabilities?