What you need to know
- TSMC is investing heavily in advancing chip production.
- It is also beginning to build a production plant in Arizona.
As reported by Bloomberg, TSMC is investing up to $28 billion in advanced processing technologies and constructing a new plant in Arizona. Some analysts predict that Intel may outsource its chip production and tap the chip manufacturer.
The company saw revenue climb to a new record in the December quarter, powered by the success of the iPhone 12 lineup.
The launch of the A14 processor and its 5nm process propelled TSMC's 5-nanometer business to 20% of total revenue, doubling the business since the last quarter.
The plant in Arizona, when it is completed in 2024, aims to start with 20,000 wafers per month and expand from there.
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Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.