TSMC said to be looking to raise a second Arizona chip fab
Taiwan's chipmaking giant TSMC is said to be preparing to build another semiconductor fabrication plant in Arizona, alongside the facility it completed this summer, in a move that may be seen as a vindication of the US government’s CHIPS Act funding.
The move to build another plant comes despite the Taiwanese chip behemoth announcing recently that it wason its capital investment budget in the face of a market slowdown which led to TSMC predicting that Q4 revenue growth will likely be flat. However, the fact that TSMC is still considering further facilities in Arizona could be seen as vindication that the
, which includes subsidies and other incentives for semiconductor companies like TSMC to build on American soil, is having the desired effect.
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