The world's biggest chipmaker is making a multi-billion dollar investment in the US even though it'll cost way more to make chips there. Here's why it decided to do it anyway.

Dec 17 2022 by Business Insider

 
Taiwan Semiconductor Manufacturing Company founder Morris Chang, left, shakes hands with Apple CEO Tim Cook, right, at the TSMC facility under construction in Phoenix, Tuesday, Dec. 6, 2022.

Ross D. Franklin/Associated Press

Taiwan-based TSMC, the world's biggest chipmaker, announced a $40 billion investment in Arizona last week. That's despite TSMC's founder previously calling US chip production an "expensive exercise in futility." The investment could help achieve geographic diversity and...
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