Microchip makes more moves to shore up its supply chain

Funding confirmation comes week after TSMC confirmed Arizona site was now ahead of schedule

Chip manufacturer has 12 fabs in Taiwan

Despite earlier delays, Arizona plant now expected to be operational by end of 2024

President Biden will visit Intel’s Chandler, Arizona, campus to announce the deal

The state’s construction industry has reportedly been squeezed by an influx of investments

Using AI to make chips better at AI

Organizational reshuffle comes ahead of chairman Mark Liu’s retirement

Announcement comes as first Japanese factory starts production

Second site expected to be operational by the end of 2027

In 2022, the company pledged to invest $22bn in US-based projects

Figures show China is shifting focus towards domestic chip production as import bans ramp up

Altman reportedly first floated the idea before he was ousted and reinstated as CEO in 2023

Production at the second, more advanced, site now delayed until 2027

The outgoing chairman Mark Liu has been with the company for 30 years

Sold as part of its generative AI-focused SambaNova Suite

Facility will be home to 7,000 employees by September 2023

Sending workers from Taiwan to help train local talent

Also partners with Synopsys and ASML on tech that could accelerate chip design

After only buying into the chipmaker in November

One is based on Marvell tech

As a global economic downturn puts pressure on chip sales

But Taiwan will still produce the vast majority of chips

Just as demand in semiconductors start to slow

Says that chip fabs need global connectivity to run

As part of CHIPS Act promotion

But it's still not enough to solve the chip shortage crisis

Samsung technical issues also delay high-end chips