Taiwan Semiconductor Manufacturing Company announced it is speeding up expansion at its site in Arizona.
The chipmaker says the growth comes from demand for artificial intelligence and high-performance computing chips.
The company says its plans will allow for a third of the production of some of its most advanced chips to be made in Arizona.
TSMC just finished construction on a second fabrication facility and broke ground on a third in April. But according to a quarterly earnings report, that is a fraction of its total plans at its site just off Loop 303 and I-17 in Phoenix.
The so-called "GIGAFAB cluster" will include three more chip facilities, two advanced packaging fabs for artificial intelligence and an R and D Center.
The plans are part of an additional investment of $100 billion in the U.S. that TSMC announced earlier this year.
-
Four years ago, Democratic Attorney General Kris Mayes won the office by less than 300 votes. Now, she’s hoping her track record taking on President Trump, fake electors and predatory businesses will earn her a second term in office. -
A new market, known as Markets+, offers western utilities an alternative to California governance. But, California has since agreed to give up oversight of the west's largest energy trading market. So, will Arizona utilities stay or go? -
TSMC has invested a record-setting $265 billion in Arizona as it continues to expand its massive semiconductor plant here. But now, Gov. Katie Hobbs is getting warnings from China about developing political ties with Taiwan. -
Open AI, the company behind ChatGPT, said it canceled the planned release of its new AI model over safety concerns. Artificial intelligence and its uses have grown exponentially recently, and that includes in scams. -
Double Ten is the Taiwanese national holiday, and the event hosted by the city of Phoenix has been called the largest Double Ten celebration on the continent.
