TSMC will build a new factory in Arizona

Taiwan Semiconductor, a leading manufacturer of silicon chips with contract clients including Apple and Qualcomm, plans to build an advanced semiconductor fab in Arizona, the company announced Friday, confirming a report from The Wall Street Journal a day earlier. The move comes with a total price tag of $12 billion, and also “with the mutual understanding and commitment to support from the U.S. federal government and the State of Arizona,” the company said.

The semiconductor fab would be TSMC’s second manufacturing facility in the US, joining a facility in Camas, Washington, that the Taiwanese company has run since 1998.