TSMC Plans to Make More Advanced Chips in US at Urging of Apple

Arizona plant slated for 2024 will use 4-nanometer technology
Change is a win for Biden efforts to bolster US manufacturing

Taiwan Semiconductor Manufacturing Co. will offer advanced 4-nanometer chips when its new $12 billion plant in Arizona opens in 2024, an upgrade from its previous public statements, after US customers such as Apple Inc. pushed the company to do so, according to people familiar with the matter. $Taiwan Semiconductor (TSM.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $Apple (AAPL.US)$