TSMC committed to Arizona chip plant ahead of potential tariff impact

• TSMC starts work on its third semiconductor manufacturing facility
• Easier permit acquisition and tariffs influenced the move, says US Commerce Secretary
• TSMC's quarterly revenue was up 41.6%, but it's still keeping an eye on tariff-induced worries

Taiwan Semiconductor Manufacturing Company (TSMC) has started construction of a third chip plant in Arizona according to South China Morning Post reporting, as the company continues to expand operations in the US.

The announcement coincided with Commerce Secretary Howard Lutnick's visit to the site, highlighting the political significance of TSMC's US investment amid the ongoing trade war.

Driven by Trump's push for domestic manufacturing, supported by hefty tariffs on imports from certain countries, the project marks the largest foreign investment in US history.

TSMC invests in more US chip manufacturing

Though TSMC flies under the radar among consumers, the Taiwanese company ...