PHOENIX, Dec 6 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) on Tuesday estimated annual revenue of $10 billion when its two planned chips fabrication plants open in Arizona.
TSMC said Tuesday it was more than tripling its planned investment in the factories to $40 billion.
U.S. President Joe Biden and others, including the CEOs of major TSMC customers, are attending a "tool-in" ceremony for the symbolic moving of the first equipment onto the shop floor of the new $12 billion facility.
"When completed with both fabs, we will manufacture over 600,000 wafers a year, representing $10 billion in yearly revenue and with our customers product sales over $40 billion a year," said TSMC Chief Executive Mark Liu.
Apple Inc (AAPL.O), Nvidia Corp (NVDA.O), and Advanced Micro Devices Inc (AMD.O), all major TSMC customers, said they expected their chips to be made in the new Arizona plants.