financetom
Technology
financetom
/
Technology
/
TSMC begins producing 4-nanometer chips in Arizona, Raimondo says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TSMC begins producing 4-nanometer chips in Arizona, Raimondo says
Jan 10, 2025 2:42 PM

WASHINGTON (Reuters) -Taiwan Semiconductor Manufacturing Co ( TSM ) has begun producing advanced 4-nanometer chips for U.S. customers in Arizona, Commerce Secretary Gina Raimondo told Reuters, a milestone in the Biden administration's semiconductor efforts.

In November, Commerce finalized a $6.6 billion grant TSMC's U.S. unit for semiconductor production in Phoenix, Arizona.

"For the first time ever in our country's history, we are making leading edge four-nanometer chips on American soil, American workers -- on par in yield and quality with Taiwan," Raimondo told Reuters in an interview saying it had begun in recent weeks.

"That's a big deal -- never been done before, never in our history. And lots of people said it couldn't happen," Raimondo said.

A spokesperson for TSMC, which reports earnings next week, declined to comment Friday.

In April, TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona fab by 2030.

Congress created a $52.7 billion semiconductor manufacturing and research subsidy program in 2022.

Raimondo told Reuters in an earlier interview that Commerce had to convince TSMC to boost its U.S. plans.

"It didn't happen on its own... We had to convince TSMC that they would want to expand," Raimondo said.

TSMC will produce the world's most advanced 2-nanometer technology at its second Arizona fab expected to begin production in 2028. TSMC also agreed to use its most advanced chip manufacturing technology called "A16" in Arizona.

The TSMC award from Commerce also includes up to $5 billion in low-cost government loans.

Raimondo wants the United States to make 20% of world's leading-edge logic chips by 2030 -- up from the 0% before TSMC began production in Arizona.

Last month, Commerce finalized an award of $407 million to help fund Amkor Technology's planned $2 billion advanced semiconductor packaging facility in Arizona, which is set to be the largest of its kind in the U.S.

Amkor's Arizona plant when fully operational will package and test millions of chips for autonomous vehicles, 5G/6G and data centers. Apple will be its first and largest customer with the chips produced at a nearby TSMC facility.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
9 Analysts Assess DoubleVerify Hldgs: What You Need To Know
9 Analysts Assess DoubleVerify Hldgs: What You Need To Know
Sep 17, 2024
DoubleVerify Hldgs ( DV ) has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
EXCLUSIVE: La Rosa To Acquire Real Estate Firm With 950 Plus Agents, Targets 4K Agents And Strong Growth
EXCLUSIVE: La Rosa To Acquire Real Estate Firm With 950 Plus Agents, Targets 4K Agents And Strong Growth
Sep 17, 2024
Tuesday, La Rosa Holdings Corp announced that it has entered into a non-binding Letter of Intent to acquire a real estate brokerage firm with over 950 agents and offices in multiple states. The firm also offers a proprietary cloud-based Software-as-a-Service (SaaS) platform tailored for real estate agents and generated more than $19.0 million in revenue for 2023. CEO Joe La...
Elon Musk And Oracle's Larry Ellison 'Begged' Jensen Huang For Nvidia GPUs At A Dinner: 'Please Take Our Money'
Elon Musk And Oracle's Larry Ellison 'Begged' Jensen Huang For Nvidia GPUs At A Dinner: 'Please Take Our Money'
Sep 17, 2024
Larry Ellison and Elon Musk recently implored Nvidia Corp. ( NVDA ) CEO Jensen Huang for additional GPUs during a dinner at Nobu Palo Alto. What Happened: During a meeting with analysts last week, Ellison, co-founder and CTO of Oracle Corp. ( ORCL ) , revealed that he and Tesla Inc. ( TSLA ) CEO Musk “begged” Huang for more...
German economy minister: Intel decision purely a business one
German economy minister: Intel decision purely a business one
Sep 17, 2024
BERLIN, Sept 17 (Reuters) - German Economy Minister Robert Habeck said the decision by U.S. chipmaker Intel ( INTC ) to pause construction at its plants in eastern Germany for two years was purely a business decision. This is now a purely business decision that has to do with corporate policy, said Habeck on Tuesday, adding that Germany was still...
Copyright 2023-2025 - www.financetom.com All Rights Reserved