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first Arizona chip fabrication plantCNBC
•Technology
Technology
58% Informative
3.5 million square foot building is Taiwan Semiconductor Manufacturing Company's first Arizona chip fabrication plant or fab making history.
It's by far the most advanced chip fab on US soil.
The Commerce Department recently hit TSMC with new shipping bans after its chips ended up in away devices despite export controls.
Incoming President Donald Trump stirred up fears when he expressed opposition to the CHIPS Act .
The biggest volume of chips will still come out of Taiwan for years to come.
The US now manufacturers only 10% of the world's chips and none of the most advanced ones.
Talks with TSMC about bringing advanced production to the US began in 2018 under President Trump 's first term.
Intel is the largest recipient of funds from the $52 billion CHIPS Act signed by President Biden in 2022 , meant to offset the incredible cost of building a fab to make chips in the US .
Once complete, TSMC estimates all three fabs will cost 65 billion .
TSMC has said the cost of US construction could be at least four times what it would cost in Taiwan .
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