Tim Cook joins US leaders as TSMC announces $40 billion investment to produce chips in Arizona

On Tuesday, Apple CEO joined President Biden and Arizona officials, in a televised event on the site where TSMC is constructing a semiconductor-based manufacturing plant set to open in 2024. As Apple expands its relationship with TSMC, the new factory will begin to produce Apple silicon in the US. Back in 2021, TSMC initially announced it’d invest $12 billion towards a fabrication plant. On Tuesday’s event, TSMC announced it would raise its investment to $40 billion that accounts for a second fabrication plant where 3nm chips would go into production when it opens in 2026. The first...