$12 Billion Deal Authorized In Arizona With Taiwanese Semiconductor Manufacturer

American lawmakers in June proposed billions of dollars in subsides to help bolster advanced semiconductor manufacturing in the United States. Most of the world’s advanced semiconductors are manufactured in Taiwan and Taiwan Semiconductor Manufacturing Co (TSMC) is the world’s largest contract manufacturer of semiconductors. It’s customers include Apple, Qualcomm and a range of other high tech companies. City officials in Phoenix, Arizona have unanimously voted to authorize a development agreement with TSMC to help support a $12 billion TSMC factory to be built in Phoenix. This deal may lead to other international semiconductor companies establishing facilities in the US.

https://www.usnews.com/news/technology/articles/2020-11-18/phoenix-okays-development-deal-with-tsmc-for-12-billion-chip-factory