The company had already begun constructing three plants in Arizona after the Biden administration offered billions in subsidies.
Arizona has emerged as the world’s go-to destination for companies charting the future of digital technology. Since 2020, Arizona has led the nation in new semiconductor investment, with more than $105 billion announced.
Taiwan Semiconductor plans to invest $100 billion in U.S. for advanced semiconductor manufacturing, creating thousands of jobs and supporting AI development.
Intel Corp is further delaying the opening of a much-touted new semiconductor complex in Ohio, marking the latest setback to the chipmaker’s expansion plans. The first plant, originally scheduled to begin operating this year, now would not be completed until 2030, the company said in a statement on Friday.