Chip-Making Juggernaut TSMC Eyes Multibillion-Dollar Arizona Factory Expansion

New facility would produce cutting edge 3-nanometer semiconductors

TSMC’s big bet on making chips in the U.S. comes after Washington agreed to provide semiconductor makers lucrative grants.Photo: Lam Yik Fei/Bloomberg News

Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is preparing another multibillion-dollar factory investment in Arizona, people familiar with the plans said.

TSMC plans in the coming months to announce it will build a cutting-edge semiconductor plant north of Phoenix, beside another chip factory that the company committed to in 2020, according to people familiar with the expansion plans. The scale of the investment is expected to be roughly similar to the $12 billion it committed two years ago, the people said.

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