TSMC's two planned chips manufacturing plants in Arizona will generate a total of $10 billion in annual revenue, according to the PHOENIX Reuters- Taiwan chipmaker.
TSMC said it was more than tripled its investment in the factories to $40 billion, more than tripled its planned investment in the factories. The first fab is expected to be operational by 2024, while the second facility nearby will produce advanced chips by 2026. U.S. President Joe Biden and others, including CEOs of major TSMC customers, are at a tool-in ceremony for the moving of the first equipment onto the shop floor of the new $12 billion facility.
With the completion of both fabs, TSMC Chief Executive Mark Liu says that the company will produce over 600,000 wafers a year. That is 10 billion yearly revenue and over $40 billion a year for our customers.
The projects will result in 31,000 construction jobs and create additional 13,000 high pay high tech jobs, including the 4,500 direct TSMC employees, according to Liu.
Apple, Nvidia Corp, and Advanced Micro Devices Inc, all major TSMC customers, said they expected their chips to be made in the new Arizona plants.
We work with TSMC to make chips that help power our products all over the world. Tim Cook, Apple CEO Tim Cook said that they look forward to expanding this work in the years to come as TSMC has new and deeper roots in America.
AMD expects to be a big customer, both fabs and we're committed to working closely with TSMC and the whole ecosystem, said Lisa Su, AMD CEO.
Around the first factory, a dozen major cranes are still set up, dubbed Fab 21. The factory is located in the northern part of Phoenix, surrounded by brown hills and empty land.
TSMC executives, led by founder Morris Chang, 91, toasted the factory opening with sparkling wine, along with CEOs of key machine suppliers and Apple, Nvidia and AMD.