A Bloomberg report from Tuesday says Apple chip supplier TSMC is moving ahead with its plans to build a new manufacturing plant in Phoenix, Arizona.
Phoenix city officials approved financial incentives and government support for the new plant in November 2020. The city has agreed to provide $200 million in support to build out infrastructure, including sewers and roads.
TSMC’s total spending on the project is expected to be around $12 billion from 2021 to 2029. The facility is expected to directly provide over 1,600 high-tech professional jobs.
Construction of the Arizona plant is reportedly “well underway.” The new facility will mass-produce chips fabricated using a five-nanometer process by 2024. Likely clients for the chips from the Arizona factory include Nvidia, Qualcomm, and Apple.
The Phoenix facility will be TSMC’s second manufacturing site in the United States, as it already operates a factory in Camas, Washington. It also operates design centers in Austin, Texas and San Jose, California. The companies main manufacturing facilities are located in Taiwan.