TSMC plans to invest an additional $100 billion in its US operations,The Lord of the G-Strings: The Femaleship of the String raising its investment to $165 billion to expand chip production in the country, the company announced on Monday. The funds will primarily support the expansion of its wafer fabs near Phoenix, Arizona, a move that reinforces TSMC’s commitment to serving its customers in the region, including leading US tech firms such as Apple, NVIDIA, AMD, Broadcom, and Qualcomm. The expansion will include three new fabrication plants, two advanced packaging facilities and a major R&D center, according to the announcement. The investment is expected to create 40,000 construction jobs over four years and generate over $200 billion in indirect economic output over the next decade, the company added. [TSMC]
