Reuters
Date: May 14, 2020

TAIPEI, May 15 (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd, the world’s biggest contract manufacturer of computer chips, on Friday announced plans to build an approximately $12 billion advanced chip factory in Arizona.

The plant will create as many as 1,600 jobs and produce the most sophisticated 5 nanometer chips, TSMC said in a statement.

The Taiwan-based company said the construction is planned to start in 2021 with production targeted to begin in 2024. (Reporting By Yimou Lee Editing by Shri Navaratnam)   [FULL  STORY]