TSMC Announces Expansion Plans for Highly-anticipated Arizona Fab

On Dec. 6, TSMC announced plans to build a second chip fab at its Phoenix, Arizona, site, building on its initial plans to rectify a $12 billion fab. After receiving $40 billion in federal funding for the two fabs, the company announced that the first fab will begin manufacturing 4 nm process chips (an improvement from the originally-stated 5 nm) in 2024, while the second one will start making 3 nm chips by 2026.