Largest Chip Company Invests More Money in US, Not Coming to EU

The world’s largest chipmaker Taiwan Semiconductor Manufacturing Company (TSMC), is considering investing tens of billions of dollars more into state-of-the-art chip factories in Arizona, USA.

At the same time, it looks as though there will be no large European chip factory for the time being from the vital supplier of, for example, Apple and car manufacturers, reports Reuters news agency based on insiders.

The Taiwanese have previously announced that they will allocate some $ 10 billion to $ 12 billion for a new location in Phoenix, Arizona. But this is likely to be the first of potentially six new factories there, Reuters sources said. This could possibly also involve a more advanced 3-nanometer plant. It could cost as much as $ 23 billion to $ 25 billion.

The fact that TSMC is not afraid to take a lot of money has already been shown recently. The company announced that it would allocate approximately 100 billion dollars over the next three years to expand its capacity for making chips. With this high amount, the chipmaker hopes to cope with the significantly increasing demand for chips. Car builders have recently been struggling with major chip shortages. As a result, more and more parties are forced to reduce their production.

There is also a debate about how to stimulate the production of chips in the European Union. For example, Intel has already shown serious interest in this. The American chip company recently discussed this with Brussels and could receive a large subsidy. But at TSMC, talks with the EU seem to be going “very badly,” according to Reuters sources. A spokeswoman for TSMC indicates that the company has not ruled out any possibility but currently no plans for a factory in Europe.