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# World's largest Chipmaker, TSMC plans $12 billion factory expansion
- URL: https://www.techloy.com/chipmaker-tsmc-plans-factory-expansion/
- Published: 2022-11-10T09:46:55.000Z
- Updated: 2022-11-10T09:46:55.000Z
- Author: Emmanuel Oyedeji
- Tags: / News, Taiwan, Semiconductor, TSMC

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker and a major supplier to Apple Inc plans to announce the construction of another multibillion-dollar factory that could serve as its second chip factory in Arizona in the United States, *The Wall Street Journal* reported.

The report said that the chip manufacturer plans to announce in the coming months that it will build a state-of-the-art semiconductor plant north of Phoenix, besides another plant that the company committed to in 2020\. 

The new cutting-edge facility will reportedly produce the more-advanced 3-nanometer semiconductors as opposed to the less efficient 5-nanometer used for the previous factory. The scale of this investment is expected to be roughly similar to the US$12 billion it committed 2 years ago.

TSMC said that it could use the building for future expansion but has not yet decided on a second chip manufacturing plant.

"In light of the strong customer demand we are seeing in TSMC's advanced technology, we will consider adding more capacity in Arizona with a second fab based on operating efficiency and cost economic considerations," the company said.