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Taiwan Semiconductor Lifts Chip Investment in Arizona to $40B

Taiwan Semiconductor Manufacturing (TSMC) announced plans to build its second chip plant in Arizona and increasing its investment in the state to US$40Bn. TSMC had already planned a US$12Bn investment to build its first factory in Arizona with mass production expected in 2024. Construction on the second site that will start in 2023, with production set to begin in 2026 with a combined capacity of 600K wafers/year. The announcement comes in wake of the passage of the CHIPS and Science Act which was signed into law in early August. This is another positive driver for US helium demand.

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