Taiwan Semiconductor says it will increase Arizona chip investment
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Taiwan Semiconductor (NYSE:TSM) shares rose fractionally in early trading on Tuesday as the semiconductor manufacturer said it would raise the investment it is making at its Arizona chip factory by up to $3.5B.
The disclosure, made at the company's recent board of directors meeting, comes as the global foundry said in December that it would more than triple its original investment to $40B.

The new plant is slated to open in 2024 and a second facility nearby will make 3 nanometer chips by 2026.
Speaking at a December event that was attended by President Joe Biden, Apple (AAPL) CEO Tim Cook and others, Taiwan Semi (TSM) Chairman Mark Liu said the two plants would result in 13,000 high-paying jobs, including 4,500 for Taiwan Semiconductor (TSM) and the rest from suppliers.
Liu added that Taiwan Semiconductor (TSM) expects to generate $10B in revenue from the fab.
Last month, it was reported that Taiwan Semiconductor (TSM) initiated a new, flexible work schedule for its manufacturing employees.