off-the-wire

TSMC to boost capital at Arizona factory by $3.5 bln

Kitco Media
By Reuters
Published:
Updated:
Reuters

TAIPEI, Feb 14 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) said on Tuesday its board had approved a plan to boost the capital of its chip factory in Arizona by up to $3.5 billion.

TSMC in December tripled its planned investment at the Arizona chip plant, which began construction late last year, to $40 billion.

The factory, among the largest foreign investments in U.S. history, will start production in 2026, using advanced 3 nm technology.

TSMC expects its Phoenix factories to create 13,000 high-tech jobs, including 4,500 under TSMC and the rest at suppliers.

Reporting by Meg Shen; editing by Jason Neely
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