TSMC to boost capital at Arizona factory by $3.5 billion


FILE PHOTO: A logo of Taiwanse chip giant TSMC can be seen in Tainan, Taiwan December 29, 2022.REUTERS/Ann Wang

TAIPEI (Reuters) - Taiwanese chipmaker TSMC said on Tuesday its board had approved a plan to boost the capital of its chip factory in Arizona by up to $3.5 billion.

TSMC in December tripled its planned investment at the Arizona chip plant, which began construction late last year, to $40 billion.

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