Shulou(Shulou.com)11/24 Report--

CTOnews.com, February 14 (Xinhua)-- chipmaker TSMC said Tuesday that its board of directors has approved a plan to increase the capital of the Arizona chip plant by up to $3.5 billion (currently about 23.87 billion yuan).

In December, TSMC tripled its planned investment in the Arizona chip plant, which began construction at the end of last year, to $40 billion (currently about 272.8 billion yuan).

The plant, one of the largest overseas investments in US history, will start production in 2026 using advanced 3nm technology.

TSMC expects to create 13000 high-tech jobs at its Phoenix plant, of which 4500 are under TSMC and the rest are with suppliers.

The first phase of the project currently under construction is expected to begin production of the N4 process in 2024. When completed, the two phases will produce more than 600000 wafers a year, with an estimated market value of more than US $40 billion.

CTOnews.com learned that TSMC achieved operating revenue of NT $2.26389 trillion (currently about 509.375 billion yuan) in 2022, an increase of 42.6 per cent year-on-year. Net profit after tax is about NT $1.01653 trillion (currently about NT $229.736 billion) and earnings per share is NT $39.20 (currently about NT $8.86).

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