The Clap Apple (NASDAQ:AAPL) will buy microchips made in the US, as confirmed by CEO Tim Cook.
What A new factory in Arizona will allow the chips that Apple uses to be manufactured in the US, an important moment in the localization of Apple’s production.
Taiwan Semiconductor Manufacturing Company (TSMC), the biggest foundry company in the world, will own and operate the factory, using its expertise to produce the chips used by Apple.
So What This move will localize a significant part of Apple’s supply chain. TSMC currently manufactures in Taiwan, which grows concerns amid the potential event of a Chinese invasion or regional issues.
Now What TSMC will spend $40 billion on two factories in Arizona, the first of which will be operational in 2024 and the second in 2026.
The factories are expected to produce 600,000 wafers annually, covering US demand.