Seeking a solution to the global chip shortage, TSMC plans to establish six chip factories in Arizona.
Global chip makers are spending heavily on alleviating the ongoing chip shortage, but despite the high money invested, time is still needed to resolve the trouble. In this regard, Intel CEO Pat Gelsinger states that they need a few years to meet the current demands. TSMC, which continues its activities in this direction, plans to establish several additional chip production facilities in Arizona.
The chip maker announced in May 2020 that it has allocated a $ 12 billion budget to build a new factory in Arizona. When the construction is complete, the factory is expected to produce 20,000 5nm semiconductor plates per month, creating high-tech job opportunities for approximately 1,600 people. In addition, TSMC plans to establish new production facilities in addition to this factory. The manufacturing company is preparing to build five more new factories in Arizona, according to Reuters.
According to the report, the construction of six factories that TSMC plans to build will take place in the next three years. However, it is worth noting that this period is not the definite times determined by the company. TSMC will also release official statements on the subject after making the final decisions. Apart from that, the company announced that it plans to spend $ 100 billion on expansion and R&D projects over the next three years. In addition to TSMC, Intel also plans to spend $ 3.5 billion to upgrade its chip manufacturing facilities in New Mexico.
Finally, it should be noted that it is not known yet how much additional production capacity TSMC’s new factories will bring. In addition, the company has not yet announced which production technology will be used.