State Department

Keith Krach 05.22.2020

TSMC $12B Chip Plant in Arizona — Biggest Onshoring in U.S. history

Under Secretary Krach discusses Taiwan Semiconductor Manufacturing Company’s decision to build a new $12 Billion chip manufacturing plant in Arizona in this May 2020 interview with Bloomberg’s Kevin Cirilli. According to Krach, this is the biggest onshoring event in U.S. history — one which is critical to national security. This bold move by TSMC bolsters American national security and economic prosperity. TSMC’s state-of-the-art five-nanometer plant will create thousands of jobs, and impact the daily lives of people around the world.

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