Report: TSMC to increase spending on Arizona chip factory to $35 billion

SourceThe Burn-In
Date Published03/09/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Taiwan Semiconductor Manufacturing Co.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1600
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2029
Domestically, the work will be done:In-house
Capital investment ($):3500
Country(ies) from which reshored:Taiwan, Province of China
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductor chips
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Biden, global chip shortage, meet demand
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