President Joe Biden visited a new semiconductor plant in Arizona on Dec. 6 as part of an effort to reestablish the United States as a world leader in advanced chip manufacturing.
Taiwan Semiconductor Manufacturing Co. (TMSC), the Taiwanese chipmaker that runs the plant, announced that it will build a second semiconductor factory there by 2026 and plans to triple its planned investment in the state. The current facility produces five- and four-nanometer chips, and the new one will make three-nanometer chips by 2026, the most advanced chips on the market.