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Taiwanese chipmaker TSMC, along with President Joe Biden, has announced that it will build a $12 billion factory in Arizona where it will build three-nanometer chips.
Biden and TSMC executives will be on hand for the announcement in Arizona. Both Apple and Nvidia are expected to be the first customers for the chips, which have circuits spaced three billionths of a meter apart.
“Chips are the engines that modernize and automate the world, driving human progress,” Nvidia CEO Jensen Huang said in a statement. “The future of humanity is tied to the chip industry. TSMC is the foundation of the global chip industry. From the beginning, NVIDIA entrusted TSMC with inventing the GPU and accelerated computing, revolutionizing 3D graphics, scientific computing, AI, and self-driving cars. Without them, our ongoing work in drug discovery and climate science would not be possible. Bringing TSMC’s investment to the United States is a masterstroke and a groundbreaking development for the industry.”
Over the summer, Congress passed a bipartisan bill and Biden signed the Chips and Science Act into law. Based on the Better rebuild pledge, the bill provides $52 billion in grants for semiconductor manufacturing and research.
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