Chipmaker Taiwan Semiconductor Manufacturing Co.’s $12 billion funding in the US will enhance American financial independence from China, Secretary of State Mike Pompeo mentioned Friday.
“TSMC’s announcement comes at a crucial juncture, when China is competing to dominate cutting-edge know-how and management crucial industries. The TSMC facility in Arizona will enhance US financial independence,” Pompeo mentioned on Friday, a day after scolding the nation for allegedly hacking US COVID-19 analysis information.
TSMC, a significant provider to Apple, introduced on Friday it will construct a $12 billion chip factory in Arizona, in what the corporate known as a “robust partnership” with the US authorities.
Pompeo additionally mentioned the funding will strengthen US-Taiwan ties.
TSMC mentioned the power will create over 1,600 “high-tech skilled jobs,” with building as a result of begin in 2021 and manufacturing slated to start in 2024, The Verge reported.
The chipmaker mentioned its complete spending on the plant could be roughly $12 billion from 2021 to 2029.
The corporate already operates a factory in Camas, Washington, and design facilities in Texas and California.