Arizona to Get Billions in Foreign Investment for New Chip Factory: Report

The world’s largest chipmaker plans to construct a second multibillion dollar factory in Arizona, The Wall Street Journal reported Wednesday.

Taiwan Semiconductor Manufacturing Co. (TSMC) had previously announced a $12 billion investment in Arizona in 2020, and sources familiar with the matter expected the new investment to be on the same scale, the WSJ reported. The proposed factory, located north of Phoenix, would produce 3-nanometer transistors, cutting-edge chips that are among the smallest and fastest ever made.

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