Tim Cook dinner joins US leaders as TSMC pronounces $40 billion funding to provide chips in Arizona

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On Tuesday, Apple CEO joined President Biden and Arizona officers, in a televised occasion on the location the place TSMC is setting up a semiconductor-based manufacturing plant set to open in 2024. As Apple expands its relationship with TSMC, the brand new manufacturing facility will start to provide Apple silicon within the US.

Again in 2021, TSMC initially introduced it’d make investments $12 billion in the direction of a fabrication plant. On Tuesday’s occasion, TSMC introduced it might elevate its funding to $40 billion that accounts for a second fabrication plant the place 3nm chips would go into manufacturing when it opens in 2026. The primary fabrication plant will produce 4nm chips beginning 2024. President Biden says the brand new plant will create tens of 1000’s of “building” and “excessive tech” jobs for Arizonians

“Subsequent yr, industrial operations will start and right this moment TSMC has introduced a second main funding. It can assemble a second fab right here in Phoenix to construct ‘three nano chips’, ‘chips which are three nano’, you realize what I’m saying. “ President Biden

WATCH: CEO Tim Cook dinner mentioned Apple will construct chips within the US for the primary time in almost a decade, working with TSMC https://t.co/T68jCnp5k5 pic.twitter.com/KV0ilHe5jq— Bloomberg Expertise (@know-how) December 7, 2022

Tim Cook dinner says that chips for a lot of Apple merchandise can be produced within the Phoenix plant and that “Because of the arduous work of so many individuals […] these chips might be proudly stamped: ‘Made in America’.

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