Apple’s Taiwanese chip maker, TSMC, is building a second US plant | Forexlive

Taiwan Semiconductor Manufacturing Co. (TSMC) is the world’s largest contract chip maker. In a statement to The Wall Street Journal on Wednesday, US time, the firm said that its constructing a building to potentially serve as a second fab at its site in Arizona.

TSMC said it’d consider adding more advanced chip capacity there. Added that a final decision has not yet been made.

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As reinstalled Chinese President Xi switches China’s focus away from the economy and towards idealogical purity you can expect further reduction of investment into China by global businesses.