TSMC commits 7,000 jobs to Taiwan amid US expansion plans

Taiwan Semiconductor Manufacturing Company (TSMC) has reaffirmed its commitment to Taiwan while simultaneously expanding its operations in the United States. At a recent ceremony in Kaohsiung, Taiwan, TSMC's executive vice president, Y.P. Chyn, announced that a new domestic fab would create 7,000 tech jobs and that the company would continue to enhance its production capabilities at home despite a significant $100 billion investment plan in the U.S. TSMC plans to produce advanced 2nm chips at the new facility, scheduled to begin production later this year. Meanwhile, TSMC is also moving forward with its plans in Arizona, where it has invested $65 billion for three advanced fabs, with the aim of producing cutting-edge chips necessary for sustaining U.S. AI leadership. TSMC faces scrutiny regarding the potential impact of its U.S. investments on Taiwan's economy but assures that its foundational operations will remain rooted in Taiwan. Taiwan's Premier expressed gratitude for TSMC's ongoing commitment to the island, emphasizing its importance as a national asset.