“Today is only the beginning,” Cook said.
“Today we’re combining TSMC’s expertise with the unrivaled ingenuity of American workers.
We are investing in a stronger, brighter future, we are planting our seed in the Arizona desert.
And at Apple, we are proud to help nurture its growth.”
President Joe Biden and chief executives from AMD and Nvidia were also in attendance at the event.
“Apple had to buy all the advanced chips from overseas.
Now they’re going to bring more of their supply chain home,” Biden said.
“It could be a game-changer.”
The total investment: $40 billion.
The newly announced 3nm fab won’t make chips until 2026.
Processors are critical to just about every modern product and industry, not just phones and laptops.
They are used to control cars, refrigerators, military hardware, toys and power plants.
More disruptions are possible.
Russia’s invasion of Ukraine showed that political borders aren’t necessarily fixed.
All these forces combined to nudge Congress into passing theCHIPS and Science Act.
TSMC’s Arizona fabs will employ about 10,000 people overall, 4,500 of them working directly for TSMC.
In addition, building the fabs employs more than 10,000 construction workers, the company said.
