(Telecompaper) Taiwan Semiconductor Manufacturing (TSMC) has announced it is ready to put USD 12 billion into a chip factory in the US. The factory would come to Arizona, where Intel also has plants. With support from both federal and state government, construction will begin next year with production targeted for 2024. TSMC explained that it will use its 5-nanometer technology and produce 20,000 semiconductor wafer per month. The TSMC statement comes after the US government recently made it clear it wants to promote more tech self-sufficiency.