Taiwan's economy minister said on Wednesday that the island remains chipmaker TSMC's most important production base after the company announced it would more than triple planned investment at its new Arizona plant to $40 billion.
The logo of Taiwan Semiconductor Manufacturing Co is pictured at its headquarters, in Hsinchu, Taiwan, January 19, 2021. REUTERS/Ann Wang/File Photo
The first Arizona chip fabrication facility, or fab, will be operational by 2024 while the second facility nearby will make the most advanced chips currently in production, called "3 nanometre," by 2026. "TSMC's research and development centre is in Taiwan, the complete supply chain is here," she said. "Taiwan has a complete supply chain, a complete system, and the backing of the government. It is definitely TSMC's most important production base."
Kung Ming-hsin, head of Taiwan's National Development Council who attended Tuesday's "tool-in" ceremony for the Arizona plant in Phoenix, decried what he called a wrong theory about chip makers abandoning the island.
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