Apple

TSMC is set to boost investment in Arizona with a second facility. Apple and AMD will source advanced chips made by TSMC in the U.S.

Apple and other U.S.-based chip manufacturers have a lot riding on TSMC’s new manufacturing plant in Arizona. They’re influencing the chip manufacturing giant to produce the most advanced chips for their needs.

Apple is expected to source its semiconductor chips from a factory in Arizona by 2024 according to Bloomberg News. There’s speculation the factory will be run by semiconductor manufacturing giant TSMC.

China's efforts to contain a new Covid outbreak cripples Apple's data center operations in the country.

The company says shortages will contribute to a lower rate of growth this quarter and get worse. And there’s an ironic wrinkle.

An extension would give the company until 2026 to construct the facility. It has until September under the current rules.

The company is increasing its planned investments in the US by 20 percent over the next five years.