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.
Source : Reuters
The sharp rise in long-term interest rates since 2020 is difficult to explain from slow-moving…
Trade wars do not simply redirect exports; they also reshape the costs of production, disrupt…
Few features of modern work are as widely criticised as meetings. Using data from over…
Forecasts of AI-driven job destruction rest on counting automatable tasks. But labour markets hire, pay,…
US federal government debt exceeded $40 trillion in August 2026, triggering concerns about fiscal credibility…
Global current account imbalances are widening again. This column argues that currency undervaluation, supported by…