iPhone chip maker TSMC begins construction of major plant in Arizona
(iMore iPhone)

With the success of the iPhone 12, TSMC is going all-in on the future of chips. 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 sheer scale of TSMC`s envisioned budget -- more than half its projected revenue for the year -- underscores TSMC`s determination to maintain its dominance and supply its biggest American clients from Apple Inc. to Qualcomm Inc. At 52% of projected 2021 revenue, the chipmaker`s planned spending would be the sixth-highest among all companies with a value of more than $10 billion, according to data compiled by Bloomberg. The outlay may also ramp up pressure on Intel, whose budget for 2020 was roughly $14.5 billion. The compa...