TSMC's plan to invest $3.5 billion in a US plant has been approved

Recently, news about TSMC's construction of a factory in the United States has been reported again. According to reports, TSMC's $3.5 billion plan to build a factory in the United States has been approved. TSMC is forming a team of more than 600 employees, including engineers and executives, to prepare for its first factory in the United States.

TSMC Chairman Liu Deyin told Nikkei that TSMC will start construction of a $12 billion chip factory in Arizona next year. A working group of more than 300 existing employees and managers who have experience in developing and producing 5nm chips will be sent to the factory.

People familiar with the matter revealed that the United States has agreed to provide TSMC with the necessary work visas.

It is understood that TSMC will start building a 12-inch wafer factory worth US$12 billion in Arizona next year. The new factory will start construction in 2021, be installed for trial production in 2023, and be put into large-scale production in the first half of 2024. At that time, the latest 5nm process will be directly deployed, with a planned monthly production capacity of 20,000 wafers.

Currently, a working group of more than 300 existing employees and managers will be sent to the plant because they have experience in developing and producing 5nm chips. In addition, TSMC is recruiting 300 fresh graduates and young engineers with one to two years of work experience who are already qualified to work in the United States.

In addition, TSMC is recruiting 300 fresh graduates and young engineers with one to two years of work experience who are already qualified to work in the U.S. Liu Deyin also said that TSMC plans to bring these newly hired employees to Tainan for about a year of intensive training before going to Arizona.