TSMC sends engineers to US plant as Arizona officials reportedly welcome second fab · TechNode

High chip contractor TSMC despatched 300 engineers and their households to the corporate’s $12 billion plant in Arizona final week because it prepares to grow to be operational, in keeping with Taiwanese media outlet Enterprise Weekly. Morris Chang, the founding father of TSMC, acknowledged finally week’s Asia-Pacific Financial Cooperation summit that US vice chairman Kamala Harris welcomed TSMC’s presence within the US and would provide help as the corporate seeks to construct a second plant in Arizona. Chang mentioned that the price of constructing new fabs within the US may very well be 50% larger than in Taiwan, however that this was not a barrier. He defined, “this is essential for the US and really a lot wanted.” TSMC will maintain a ceremony early subsequent month to formally transfer tools to the brand new fab in Arizona, with the US Secretary of Commerce in attendance. [Bloomberg]