Tim Cook joins US leaders as TSMC announces $40 billion investment to produce chips in Arizona

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On Tuesday, Apple’s CEO joined President Biden and Arizona officials in a televised event at the site where TSMC is building a semiconductor manufacturing plant set to open in 2024. As Apple expands its relationship with TSMC, the new plant will begin producing Apple silicon in the United States.

Back in 2021, TSMC initially announced that it would invest $12 billion in a manufacturing facility. At Tuesday’s event, TSMC announced that it would raise its investment to $40 billion, accounting for a second fabrication facility where 3nm chips will go into production when it opens in 2026. The first fabrication facility will produce 4nm chips from 2024 .President Biden says the new plant will create tens of thousands of “construction” and “high-tech” jobs for Arizonans

“Next year, commercial operations will begin, and today TSMC announced another major investment. It will build another fab here in Phoenix to build ‘three nano chips,’ ‘chips that are three nano,’ you know what I say. “President Biden

Tim Cook says that chips for many Apple products will be produced at the Phoenix factory and that “Thanks to the hard work of so many people […] these chips can be proudly stamped: ‘Made in America’.

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