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new AI chip building partner

TheStreet

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Major Apple chip supplier is expanding into the U.S.

Summary

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80% Informative

Taiwan Semiconductor Manufacturing Company recently completed a 3.5-million-square-foot fabrication facility, referred to in the industry as a fab, in Phoenix , Arizona .

CEO Tim Cook recently posted on X about Apple ’s relationship with TSMC , expressing enthusiasm that his company will soon be using chips made in the U.S. TSMC stock has risen 96% over the past year , outpacing Apple and many other Magnificent 7 stocks, including Tesla and Microsoft .