Bloomberg is reporting that Taiwan Semiconductor Manufacturing Company is to build advanced 4-nanometer chips when its new $12 billion plant in Arizona opens in 2024. Production is also set to increase from the original 20,000 wafers per month.
This a significant increase and updrage from previous plans and apparently comes at the behest of US companies like Apple, who will reportedly buy a third of the microchips.
We’re watching this story closely, not just because of the importance of semiconductor market for investors (read our analysis), but because it’s also a big signifier on the speed and direction of deglobalization and the new American century.
You can hear our podcast on deglobalization and what it means for investors here: