TSMC Board Approves Company’s Investment of Billions in Arizona

Article originally posted on Phoenix Business Journal on February 17, 2023

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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