TSMC's CEO CC Wei announced a $100 billion investment in expanded operations in Arizona, including three new fabrication plants and two advanced packaging facilities, hailed as the largest single foreign direct investment in US history. This follows a previous $65 billion commitment starting in 2020. Although TSMC is working towards producing advanced chips for major clients like Apple, there are concerns about finding the necessary skilled workforce, as a shortage of semiconductor engineers is anticipated by 2029. Notably, the expansion will not receive subsidies but will take advantage of tax breaks on domestic production.
TSMC's investment plan to build three new fabrication plants and two advanced packaging facilities in Arizona marks the largest single foreign direct investment in US history.
The corporation last year said it would expand its Arizona site to include additional facilities crucial for the assembly of AI accelerators.
Trump raised the anticipated economic impact of TSMC's investment, projecting job creation of 20,000 to 25,000 high-paying jobs in the region.
Despite the promise of significant investment, the challenge of recruiting semiconductor engineers and technicians in the US remains a concern for TSMC.
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