TSMC to make state-of-the-art chips in US after multibillion subsidy pledge

World’s most valuable chipmaker Taiwan Semiconductor to set up third facility in Arizona using funding from Biden policy

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Taiwan Semiconductor Manufacturing Company is to build its most advanced chips in Arizona after receiving a pledge of as much as $11.6bn in US government subsidy as part of Joe Biden’s efforts to attract computer chip production.

TSMC, the world’s most valuable chipmaker, says it aims to start producing the two-nanometre chips at a new factory in Phoenix, Arizona, by 2028.