The company will also announce it will be producing more technically advanced chips than originally proposed.
The investment by TSMC is one of the largest foreign investments in U.S. history, and the largest in the state of Arizona.
Once the TSMC plants open, they will produce enough chips to meet the U.S. annual demand, 600,000 wafers per year, according to Ronnie Chatterji, National Economic Council acting deputy director for Industrial Policy who oversees CHIPS implementation.
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