C.C. Wei, the CEO of the Taiwanese chipmaker, said during an earnings call that Phoenix will become the site of an “independent leading-edge semiconductor manufacturing cluster.” TSMC has invested $100 billion in US chipmaking and aims to start producing 2nm or “even more advanced process technology” at its Phoenix plants by the end of this decade.

AMD Chair and CEO Lisa Su called the collaboration a milestone for both companies, noting the long-standing relationship