TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd, the world’s biggest contract manufacturer of computer chips, on Friday announced plans to build an approximately $12 billion advanced chip factory in Arizona.
The plant will create as many as 1,600 jobs and produce the most sophisticated 5 nanometer chips, TSMC said in a statement.
The Taiwan-based company said the construction is planned to start in 2021 with production targeted to begin in 2024.
Reporting By Yimou Lee; Editing by Shri Navaratnam
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