TSMC Reports No Damage After Incident at Arizona Factory Site

Taiwanese chipmaker TSMC announced on Thursday that its facilities suffered no damage following an incident at its Arizona factory construction site. The incident involved a waste disposal truck, and the driver was transported to the hospital. 

Firefighters responded to a written explosion at the Taiwan Semiconductor Manufacturing Company plant in Phoenix on Wednesday afternoon, as reported by the Arizona Republic.

Safety and Investigation:

TSMC, the world’s largest contract chipmaker serving clients like Apple and Nvidia, stated that none of its employees or onsite construction workers reported any injuries related to the incident. 

“This is an active investigation with no additional details that can be shared now,” the company added.

Market Response:

Following the news, TSMC’s Taipei-listed shares adjusted their earlier gains and were last reported up around 0.8% on Thursday morning. 

The incident does not seem to have significantly impacted the company’s market performance.

Expansion Plans:

Last month, TSMC agreed to expand its planned investment by $25 billion to $65 billion and add a third Arizona fab by 2030. 

The company plans to produce the world’s most advanced 2-nanometre technology at its second Arizona fab, which is expected to begin production in 2028.

This expansion underscores TSMC’s commitment to enhancing its manufacturing capabilities and maintaining its leadership in the semiconductor industry.