$Taiwan Semiconductor (TSM.US)$ or TSMC said it secured government’s approval to invest an additional $7.5 billion into its U.S. subsidiary, TSMC Arizona, the Taipei Times reported Tuesday.
This development came after a $5 billion investment was approved in June, according to the report.
The Taiwanese chipmaker has already started construction on two advanced fabs in Arizona, with the first set to begin mass production using 4-nanometer process technology in the first half of 2025, the publication said.
The second fab is expected to begin production with 3nm and 2nm technology in 2028, the report noted.
TSMC also unveiled plans for a third fab in Arizona, with overall investments topping $65 billion, the Taipei Times stated.