The new plants should help ease some of TSMC’s production strain—but they also signal more global conflict over chips in coming years.
The Taiwan Semiconductor Manufacturing Company (TSMC) is doubling down on its relationship with the U.S. At a ceremony in Arizona with President Joe Biden on Tuesday, executives from TSMC—which remains unmatched in its ability to produce the bleeding-edge chips demanded by firms from Apple to Toyota to Lockheed Martin—announced a second massive...