TSMC board approves $3.5B capital injection for Arizona factory

Taiwan Semiconductor Manufacturing Company (TSMC) board has approved a plan of capital injection of up to $3.5 billion to TSMC Arizona, the company said.In December, the foundry behemoth announced its plans to open a second chip factory in Arizona, boosting its investment in the US threefold to $40 billion. This represented “the largest foreign direct investment in Arizona history and one of the largest foreign direct investments in the history of the United States,” the compan