TSMC will increase investment in the construction of factories in the United States to $40 billion

TSMC's Arizona plant will start operations in 2024 and be able to produce today's most advanced 3nm chips by 2026. The Chairman of the Board of TSMC noted,

Taiwanese chip maker Taiwan Semiconductor Manufacturing Company (TSMC) will increase to $40 billion its previously planned investment in the construction of two new factories in Arizona, usa , the amount will be one of the largest investments in the history of the United States. This is reported by REUTERS, citing a statement by TSMC Chairman Mark Liu.

Liu estimated TSMC's annual revenue at $10 billion, but said that after the opening of new factories in the US, the company's revenue could grow to $40 billion a year. He also noted that the plant in Arizona is preparing to start producing chips using the N4 process as early as 2024, and from 2026 the plant will start producing even more advanced 3nm chips. The expansion will create 10,000 new jobs on top of the 10,000 already employed, the TSMC chairman added.

According to the agency, the decision to almost triple the amount of initial investment in the project was influenced by US President Joe Biden , who had previously negotiated with Taiwanese partners.

TSMC is the world's largest chip manufacturer (about 50% of the world market in the production of 28-65 nm components and 90% in the production of 5-10 nm chips). More than 70% of the company's revenue in the 3rd quarter of 2022 earned in North America, while revenue in CHINA for the same period amounted to 8%.

The HEAD of Intel predicted the fall of the industry of chips Technology and media

Following a global semiconductor shortage that began in 2021 due to the covid-19 epidemic , Biden signed into law a $52.7 billion subsidy bill for U.S. semiconductor manufacturing. Subsidies, in particular, will be provided to US companies Micron, Intel, Lockheed Martin, HP and Advanced Micro Devices.

In addition, the Biden administration in October imposed restrictions on the supply of semiconductors and equipment for the production of microcircuits in China . EXPORT of products manufactured using American technologies for the production of artificial intelligence calculations is possible only under a special license issued by the US authorities. Under the same conditions, the cooperation of US citizens with Chinese chip manufacturers is limited. The supply of equipment and technologies to China that it could use to create its own chips is also limited.

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According to experts interviewed by the FT, the new US measures could push Chinese companies back to the Stone Age. Paul Triolo, a spokesman for consulting firm Albright Stonebridge, said the restrictions would affect many companies as "the tsunami of change brought about by the new regulations will overwhelm the semiconductor and related industries."

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