TSMC moves forward with Arizona investment

By Audrey Jensen | Phoenix Business Journal

Taiwan Semiconductor Manufacturing Co. is moving forward with its plans to invest up to $3.5 billion for its Phoenix factory, according to a new Reuters report. 

The chip giant, which makes a large portion of the world’s semiconductor chips, said on Tuesday that its board had approved a plan to increase the capital investment for its Arizona factory by up to $3.5 billion

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