In an interview with Reuters, US Commerce Secretary, Gina Raimondo, said that TSMC (TSM.US) 's Arizona plant has begun production of 4nm chips, marking the first-ever production of 4nm chips on American soil and by US workers.In November 2024, The US Department of Commerce confirmed a US$6.6 billion subsidy for TSMC to produce chips in Phoenix, Arizona. In April 2024, TSMC agreed to increase its investment there by US$25 billion to a total of US$65 billion and to add a third factory in Arizona by 2030. Related NewsIndustrial Production MoM for Dec in United States is 0.9%, higher than the previous value of 0.2%. The forecast was 0.3%.The Company will start 2nm chip production at a second Arizona factory in 2028, and agreed to use the most advanced “A16” chip manufacturing technology there.The US Department of Commerce also hiked its low-cost loan to TSMC to US$5 billion.(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)