The news: TSMC plans to ramp up production of high-end 3-nanometer chips at its Arizona factory in a decision that backs the US in the tech cold war with China, per TechCrunch.
Why this matters: TSMC is the world’s largest chipmaker by volume and is responsible for fabricating 92% of chips designed by US semiconductor companies, per Stimson.
What’s the catch? Chipmakers could be running out of time to take advantage of the $52 billion in subsidies from the Chips Act, but the current economic downturn could make it difficult to commit to future US fabs.
This article originally appeared in Insider Intelligence'sConnectivity & Tech Briefing—a daily recap of top stories reshaping the technology industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
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