Apple To Design Made In America Chips, Says Tim Cook He also revealed that Apple will expand its relationship with TSMC which already produces chips for the iPhone maker

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Tim Cook Twitter handle

Apple CEO Tim Cook, on Wednesday, confirmed that reducing the reliance on Asia-based manufacturing, Apple Inc will now be building chips in the US.

"Apple silicon unlocks a new level of performance for our users. And soon, many of these chips can be stamped Made in America," Tim Cook announced via Twitter. He also penned that Apple will expand its relationship with TSMC which already produces chips for the iPhone maker. The plant, scheduled to be operational in 2024, will make a more advanced chip than initially announced.

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a Taiwanese multinational semiconductor contract manufacturing and design company. According to available data, it is said to be the world's most valuable semiconductor company, the world's largest independent semiconductor foundry and one of Taiwan's largest companies.

Commemorating the giant expansion of the Taiwanese semiconductor plant, Cook wrote, "The opening of TMSC's plant in Arizona marks a new era of advanced manufacturing in the US, and we are proud to become the site's largest customer."

TSMC declared that it is building a second facility in Phoneix by 2026, inflating its investment from $12 billion to $40 billion, with an eventual aim of producing some 600,000microchips a year, according to a Mint report. According to the company's statement, as stated in the report, about 10,000 high-tech jobs will be created once both plants are working.

Apple Inc, Nvidia Corp, and Advanced Micro Devices Inc, all major TSMC customers, said they expected their chips to be made in the new Arizona plants, as per the report.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics


10 Leadership Lessons From Successful CEOs — An Insightful Guide for the Ambitious Entrepreneur

Valuable lessons you can learn from successful CEOs like Steve Jobs, Jeff Bezos and Elon Musk.

Business News

'I Am Absolutely Terrified': OpenAI's New Project Isn't 'Broadly' Available Yet — But It's Already Setting Off Alarm Bells

The company behind ChatGPT wants to "help people solve problems that require real-world interaction."

Growth Strategies

Global Recognition for Indian-Led Startup's Food Waste Solution

Under the joint leadership of Dr. Somdip Dey and Software Engineer Suman Saha, Nosh Technologies has created the innovative Nosh app, leveraging sophisticated machine learning algorithms to assist households in reducing food waste

News and Trends

Karnataka Govt Announces KHIR City: Here Is Everything You Need To Know

With this, the government aims to attract INR 40,000 crore in investment in the areas of healthcare, innovation and knowledge sectors


Flying High: Suhas Tejaskanda, Founder, Flying Wedge Defence & Aerospace

The startup is now aiming to serve farmers with India's only make-in-India agriculture drones

News and Trends

Haircare Startup iluvia Gets Series A Funding from Fireside Ventures and Multiply Ventures

The Bengaluru-based Startup iluvia plans to use the fresh funding to bolster its R&D investments while further expanding its product offerings with innovative and unique solutions for professionals as well as consumers.