TSMC Ups Phoenix Plant Investment to $65B

It’s being called the largest direct foreign investment in a completely new project in U.S. history. That’s what the US Commerce Department is saying after awarding the Taiwan Semiconductor Manufacturing Company a $6.6 billion government subsidy for advanced semiconductor production in Phoenix. With the aid of the grant, TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona fab by 2030. Fab is short for a fabrication plant.

The Taiwanese company will produce the world’s most advanced 2-nanometer technology at its second Arizona fab, expected to begin production in 2028. The first fab will be ready in 2025. TSMC is the world’s largest contract chipmaker and a major supplier to Apple and Nvidia.

Commerce expects the projects will create 6,000 direct manufacturing jobs and 20,000 construction jobs. The department said 14 direct TSMC suppliers plan to construct or expand U.S. plants.

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