YellowGrade
TSMC ups its Arizona chipmaking investment to $40 billion ahead of Biden's visit

Dec. 6, 2022, 8:32 a.m.

(CNN) Taiwan Semiconductor Manufacturing Company is upping its investment in the United States, announcing Tuesday that it's building a second semiconductor factory in Arizona and raising its investment there from $12 billion to $40 billion. The move marks one of the "largest foreign direct investments in the history of the United States," according to the company.

Login to grade this article.