Taiwan chip giant TSMC to build $12bn US plant

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A political row also broke out over significant tax breaks Wisconsin gave Foxconn to set up shop.

TAIPEI - Taiwanese computer chip giant TSMC announced Friday it will spend $12 billion on a state-of-the-art semiconductor foundry in the United States, creating thousands of jobs.

Construction for the facility in Arizona is set to start in 2021 with production of 5-nanometre chips -- the smallest and fastest on the market -- beginning in 2024, TSMC said. The firm said the factory would create 1,600 jobs -- and thousands more via supply chains -- and would churn out 20,000 semiconductor wafers a month.

 

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