Taiwan Semiconductor Manufacturing Co (TSMC) has started construction at a site in Phoenix, Arizona, where it plans to spend US$12 billion to build a chip fabrication facility, the firm’s chief executive said on Tuesday.Speaking at TSMC’s annual technology presentation to clients and investors, held online for the second straight year because of the pandemic, chief executive C C Wei said the planned factory remains on track to begin volume production of semiconductors using the company’s 5…



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