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

Moore Kingston Smith advises LTC on Trafalgar sale

D.William

The Mark Walter Investigation Just Got Much Worse

D.William

Asset allocation explained: Why equities, debt and gold should all have a place in your portfolio? Expert explains

D.William

Leave a Comment