Biggest iPhone Supplier TSMC's Arizona Factory Plan Welcomed By The US: Report

The US has welcomed chip maker Taiwan Semiconductor Manufacturing Co or TSMC's decision to set up a second chipset factory in the US state of Arizona.

TSMC is planning in the coming months to announce its cutting-edge semiconductor plant north of Phoenix, beside another chip factory that the company committed to in 2020.

The US has welcomed chip maker Taiwan Semiconductor Manufacturing Co or TSMC's decision to set up a second chipset factory in the US state of Arizona, the media has reported. TSMC is one of the major iPhone makers for Apple and has started construction of a multi-billion dollar building that could serve as its second chip factory in Arizona.

US Vice President Kamala Harris welcomed Taiwan Semiconductor Manufacturing Co.’s decision to open a second plant in Arizona and reiterated her government’s determination to help Taiwan, the company’s founder Morris Chang said, says a report by news agency Bloomberg. While speaking as Taiwan’s special envoy at the Asia-Pacific Economic Cooperation summit in Bangkok, the TSMC founder said that he had told Harris that the US Secretary of Commerce had been invited to attend a ceremony for the $12 billion chipset plant in December.

To recall, the world's biggest contract manufacturer of chipsets, TSMC, is planning in the coming months to announce its cutting-edge semiconductor plant north of Phoenix, beside another chip factory that the company committed to in 2020, The Wall Street Journal reported earlier this month, citing people familiar with the expansion plans.

The scale of the investment is expected to be roughly similar to the $12 billion it committed two years ago, the WSJ report added.

TSMC's new manufacturing facility would be equipped to manufacture 3-nanometer or 3nm transistors, which are one of the tiniest and most lightning-fast currently possible, the report added, citing the people.

Meanwhile, in an attempt to reduce its dependency on Asian production, Apple is planning to use chipsets from a factory in the US state of Arizona starting in 2024. The tech giant is also planning to source chips from Europe in the future, the media has reported. According to Apple CEO Tim Cook, the company has "already made a decision to be buying out of a plant in Arizona". Cook mentioned this during a meeting in Germany, says a recent report by Bloomberg's Mark Gurman.