[1/2] A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan August 31, 2018. REUTERS/Tyrone Siu/File Photo
WASHINGTON, Nov 30 (Reuters) - U.S. President Joe Biden plans to travel to Taiwanese chip manufacturer TSMC's Arizona facility on Dec. 6 to promote the administration's push to boost U.S. semiconductor manufacturing, the White House said.
Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), , a major supplier to Apple Inc (AAPL.O) and the world's largest contract chipmaker, is constructing a $12 billion plant in Phoenix, Arizona, Reuters reported last week. The company is holding a "tool-in" ceremony in Arizona on Dec. 6.
Advertisement · Scroll to continue
Taiwan Economy Minister Wang Mei-hua said Biden's attendance showed the importance he attached to TSMC's investment.
"I think we will form a good supply relationship with the United States," she told reporters in Taipei.
TSMC founder Morris Chang said last week the company is planning to produce chips with advanced 3-nanometre technology at its new factory in Phoenix but the plans are not completely finalized yet.
TSMC, Asia's most valuable listed company, has said it was building on a site for a potential second plant in Arizona. The company began construction in mid-2021.
Taiwan's dominant position as a maker of chips used in technology from cell phones and cars to fighter jets has sparked concerns of over-reliance on the island, especially as China ramps up military pressure to assert its sovereignty claims.