PI Global Investments
Finance

TSMC evaluates potential Texas investment, sources say


By Wen-Yee Lee and Fanny Potkin

TAIPEI, Sept 30 (Reuters) – Taiwan’s TSMC, the world’s largest ‌contract chipmaker, is evaluating a potential investment ‌in Texas to expand chip production in the US, two ​sources familiar with the matter said.

The potential investment would be in addition to the $265 billion TSMC has already committed to Arizona, one of the ‌sources said.

The plans ⁠have not been finalised, the sources said, speaking on condition of anonymity ⁠because they were not authorized to speak to the media.

Taiwanese media first reported the development this ​week, citing ​unnamed industry sources.

TSMC declined ​to comment.

The company ‌unveiled in July a further $100 billion investment in Arizona, expanding its previously pledged investment there to $265 billion to build semiconductor manufacturing facilities.

Chief Executive C.C. Wei said at the time that “probably additional four ‌or more fabs will be ​built,” referring to both ​front-end and back-end ​facilities.

Including current and planned projects, TSMC’s ‌Arizona operations will comprise 12 ​fabrication and ​advanced packaging facilities as well as an R&D centre.

Chief Financial Officer Wendell Huang told Reuters ​in July ‌that the company would continue to invest ​in the United States.

(Reporting by Wen-Yee Lee, ​Editing by Louise Heavens)



Source link

Related posts

How Toro’s Residential Power Max HD Upgrade At Toro (TTC) Has Changed Its Investment Story

D.William

High schoolers take new AP business with personal finance class

D.William

Entrepreneurs can benefit from new investment and mentorship opportunity launching across Milton Keynes, Bedfordshire and Buckinghamshire

D.William

Leave a Comment