Reuters reports that Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chip maker, is sending more workers from Taiwan to the U.S. state of Arizona to help build a massive $40 billion fabrication factory or ‘Fab’. The factory is scheduled to be operational by 2024, and it is expected to make 3 nanometre chips, the most advanced currently in production.
TSMC did not disclose how many workers from Taiwan are currently in Arizona, but it said that the additional number who will be going has yet to be determined. The workers will only be in the state for a limited time, and their arrival will not impact the 12,000 workers who are already on-site every day or U.S.-based hiring.
The decision to send more workers from Taiwan is a sign that TSMC is committed to ensuring the “fast ramp up” of the Arizona factory. The company is facing increasing demand for its chips, and it is important for it to be able to produce them quickly.
The Arizona factory is part of TSMC’s efforts to boost its production capacity in the United States. The company is also building a $12 billion factory in Texas, and it has plans to build more factories in the future.
TSMC’s investment in the United States is a welcome development for the Biden administration. President Biden has made it a priority to boost domestic semiconductor production, and he has called on Congress to pass legislation that would provide billions of dollars in subsidies to chipmakers.
The arrival of more TSMC workers in Arizona is a sign that the company is confident in the future of the U.S. semiconductor industry. It is also a sign that the Biden administration’s efforts to boost domestic production are having an impact.
In addition to the economic benefits, the Arizona factory is also expected to create jobs and boost the local economy. The company has said that it will create 1,900 jobs during construction and 1,500 permanent jobs once the factory is operational.
The Arizona factory is a significant investment in the U.S. semiconductor industry, and it is a sign that TSMC is committed to the future of the industry in the United States.
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