With $10 billion in revenue from its Arizona facility, Taiwan Semi confirms its commitment.

The chairman of Taiwan Semiconductor (NYSE:TSM) stated that once operational, the company's new manufacturing facility in Arizona will create $10 billion in revenue, but the company's home country tried to reassure that Taiwan will continue to be its most significant production area.

Taiwan Semiconductor (TSM) Chairman Mark Liu stated at a public event that the business would more than treble its initial investment to $40B and that the plant will produce more than 600,000 wafers annually, generating $10B in sales.

While President Joe Biden was in Arizona, Liu, Apple (AAPL) CEO Tim Cook, Nvidia (NVDA) CEO Jensen Huang, Advanced Micro Devices (AMD) CEO Dr. Lisa Su, and other executives were present at the facility.

Three of Taiwan Semiconductor's (TSM) top clients are Apple (AAPL), Nvidia (NVDA), and AMD (AMD).

Shares of Taiwan Semiconductor (TSM) decreased by about 1% in Wednesday's premarket trade to $78.82.

According to Reuters, the new Arizona plant is expected to start operations in 2024, while a second facility close by will start producing 3 nanometer chips in 2026.

According to Liu, the two facilities would create 13,000 well-paying employment, 4,500 of which would go to Taiwan Semiconductor (TSM), while the other jobs would go to suppliers.

As TSMC "establishes new and deeper roots in America," Cook stated at the ceremony that Apple (AAPL) would be looking forward to growing its partnership with Taiwan Semiconductor.

The statement by Dr. Su that AMD (AMD) "expects to be a significant client, of both fabs and we're dedicated to working closely with TSMC and the broader ecosystem" was followed by further clarification.

Taiwan's economics minister stated that despite the attention around Taiwan Semiconductor's (TSM) new Arizona facility, which was apparently behind schedule earlier this year, the nation will continue to be the company's most significant manufacturing base.

Taiwan Economy Minister Wang Mei-hua stated in remarks acquired by Reuters that "TSMC's research and development centre is in Taiwan, and the whole supply chain is here." "Taiwan has a complete system, a complete supply chain, and government support. It is undoubtedly the most significant production facility for TSMC."

Wang also stated that 2nm and 1nm chip development as well as 3 nanometer chip fabrication are already taking place in Taiwan.

It is incorrect to believe that businesses are leaving Taiwan, noted Kung Ming-hsin, head of Taiwan's National Development Council and a member of the company's board on behalf of its largest shareholder, the National Development Fund.

Morris Chang, the founder of Taiwan Semiconductor (TSM), stated last month that the company will produce cutting-edge chips at the Arizona facility, but that these plans had not yet been set in stone.