A few minutes every morning is all you need.
Stay up to date on the world's Headlines and Human Stories. It's fun, it's factual, it's fluff-free.
In August, the Biden administration signed the Chips and Science Act, which included US$52 billion in funding to support America’s chip-making industry. The hope is that it’ll incentivize manufacturers to invest in facilities to meet the demand for tech products onshore amid a persistent chip shortage rather than establish foundries elsewhere.
With that, on Tuesday, Apple CEO Tim Cook officially confirmed that the company would buy US-made chips in a new Arizona factory that belongs to chip giant Taiwan Semiconductor Manufacturing Co. (TSMC). The plant is still under construction and is expected to open in 2024. TSMC also said it’d open a second factory and increase its investments in the two Arizona plants to US$40 billion.
This is the first time in nearly 10 years that Apple will make chips in the US, reducing the conglomerate’s reliance on Asia manufacturers. “Thanks to the hard work of so many people, these chips can be proudly stamped ‘Made in America,’” Cook said.
“As many of you know, we work with TSMC to manufacture the chips that help power our products all over the world, and we look forward to expanding this work in the years to come – as TSMC forms new and deeper roots in America,” said Cook.
“These are the most advanced semiconductor chips on the planet. The chips will power iPhones and MacBooks. Apple had to buy all the advanced chips from overseas. Now, they’re going to bring more of their supply chain here at home. It could be a game changer,” said US president Biden.
“TSMC is committed to building a strong semiconductor manufacturing ecosystem in the United States,” said TSMC Chairmen Mark Liu.