TSMC to triple U.S. chip investment to $40bn to serve Apple, others

[Stranagor]

PHOENIX, U.S. -- Taiwan Semiconductor Manufacturing Co. says it will more than triple its investment in the U.S. to $40 billion and bring the world's most advanced chip production technology to the country by 2026, in a victory for Washington's push to onshore vital parts of the semiconductor supply chain.

TSMC, the world's biggest contract chipmaker, announced on Tuesday it will increase its investment in Arizona, where it is currently building a $12 billion chip facility, to $40 billion in order to build a second, even more advanced plant there.

The announcement came ahead of an equipment installation ceremony at the first facility scheduled for later in the day, which U.S. President Joe Biden and numerous tech industry executives were expected to attend.

TSMC to triple U.S. chip investment to $40bn to serve Apple, others

Move to expand Arizona plant is a win for Washington's semiconductor ambitions

asia.nikkei.com

 

[gambit]

Chip sales decline globally, while increasing into the Americas

Sales of chips globally in October dropped 4.6% year to year, the worst decline since December 2019, according to stats collected by the World Semiconductor Trade Statistics group. | Sales dropped nearly 5% in October, the worst decline since December 2019

www.fierceelectronics.com

Chip sales decline globally, while increasing into the Americas​

The results were more positive for October sales into the Americas, which jumped by 11.4%, while sales into China declined by 16%.​