With recent tensions between US and China, TSMC have now approved a $3.5 Billion foundry to be built in Arizona, US. This means that production of vital chips and processors in many PCs and electronic devices will be undisrupted, if China decides to attack Taiwan over the issue of sovereignty.
TMSC makes a lot of AMD processors found in PCs, Playstation 5 and Microsoft Xbox Series X/S.
Taken from TPU … TSMC plans to open a new 3.5 billion dollar foundry in Arizona with a new wholly-owned US subsidiary. The new foundry will begin construction in 2021 with an expected completion date of 2024. The new facility will target production volumes of 20,000 wafers per month with 5 nm production being the main priority. TSMC will be joining Intel who also produces chips in Arizona enabling them to tap into this well-established supply chain. TSMC plans to employ 1,600 staff at the facility which will be their most advanced facility outside of Taiwan. The new foundry will likely be popular with US customers and military applications requiring more secure facilities.
|Hsinchu, Taiwan, R.O.C. – TSMC (TWSE: 2330, NYSE: TSM) today held a meeting of the Board of Directors, which passed the following resolutions:||1. Approved the distribution of a NT$2.5 per share cash dividend for the third quarter of 2020, and set March 23, 2021 as the record date for common stock shareholders entitled to participate in this cash dividend distribution, and the ex-dividend date for the common shares shall be March 17, 2021. As required by Article 165 of Taiwan’s Company Law, the shareholders’ register shall be closed for five days prior to the record date (March 19 through March 23, 2021) for registration transfer, and the dividend will be paid on April 15, 2021. In addition, the ex-dividend date for TSMC American Depositary Shares (ADSs) will be March 17, 2021. The record date for TSMC ADSs entitled to participate in this cash dividend distribution will be March 18, 2021.||2. Approved capital appropriations of approximately US$15.1 billion (approximately NT$430.6 billion) for purposes including: 1) Installation and expansion of advanced technology capacity; 2) Installation of specialty technology capacity; 3) Installation and upgrading of advanced packaging capacity; 4) Fab construction, installation of fab facility systems, and capitalized leased assets; 5) First quarter 2021 R&D capital investments and sustaining capital expenditures.||3. Approved capital appropriation of approximately US$124.7 million (NT$3.555 billion) to build up a Zero Waste Manufacturing Center at the Central Taiwan Science Park.||4. Approved an investment to establish a wholly-owned subsidiary in Arizona, United States of America, with a paid-in capital of US$3.5 billion (approximately NT$99.75 billion).
5. Approved the following personnel promotions: