TSMC’s board of directors approved the establishment of a wholly-owned subsidiary in the United States with a registered capital of 3.5 billion US dollars

TSMC’s goal is to strengthen the national economic security of the United States and consolidate the leading position of the US semiconductor industry.

TSMC, the world’s largest chip foundry manufacturer, announced on the 10th that its board of directors has approved the establishment of a wholly-owned subsidiary in Arizona, USA, with a registered capital of 3.5 billion U.S. dollars. This investment is part of TSMC’s plan to invest US$12 billion to build a factory in Arizona in May of this year.

In May of this year, TSMC announced the construction of a wafer fab in Arizona. The converted plant will use 5nm process technology to produce semiconductor chips. The planned production capacity is 20,000 pieces per month and can create up to 1,600 jobs. The plant will also become TSMC’s second production base in the United States. Prior to this, TSMC had a fab in Washington State (Camas), and two design centers in Austin, the capital of Texas, and San Jose, California.

The construction of the new plant is planned to begin in 2021 and put into production in 2024. In the next 9 years, TSMC will spend approximately US$12 billion on the project.

On October 16, TSMC’s vice president of global government affairs, Peter Cleveland, posted on LinkedIn that he had a discussion with Arizona Governor Doug Ducey and Phoenix City Mayor Kate Gallego about TSMC’s establishment of a factory in the United States.

He said: “TSMC’s goal is to strengthen the national economic security of the United States, consolidate the leading position of the US semiconductor industry, and create thousands of new high-tech jobs in Phoenix, Arizona.”

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