Apple is expanding its US-made chip roster, but according to TSMC’s CEO, the most modern chips will continue being manufactured elsewhere.

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After four years of planning, TSMC is now finally going to make older iPhone processors in the US, but it's not and never will be a true return to American manufacturing.

Taiwan Semiconductor Manufacturing Company (TSMC) first announced its plans to build an “advanced semiconductor manufacturing fabrication” facility in Arizona in early 2020, committing to a $12 billion investment in Phoenix that it later increased to a staggering $40 billion when it committed to a second facility in the state.

According to a report, Apple's central chip manufacturer will soon begin mass production of the first iPhone processors in the USA.

Apple's first batch of 'Made in USA' chips from TSMC Arizona are in the 'final test stage' chips being tested against 'Made in Taiwan' variants.

A 6.4 magnitude earthquake struck southern Taiwan early Tuesday, forcing Taiwan Semiconductor Manufacturing Co. to evacuate facilities in a region critical to global chip supply, marking the second significant seismic event to impact semiconductor operations in recent months.

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Apple is already testing the initial batch of processors produced for its devices by TSMC Arizona, reports Nikkei Asia. To begin with, the tests intend to compare the Arizona output to see if the quality is similar to chips produced in TSMC’s cutting-edge fabs in Taiwan.

The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from the megatrend towards AI.

The Taiwanese company foresees spending $38 billion to $42 billion on technology and capacity upgrades this year, exceeding the $35.2 billion estimate

TSMC, which makes chips for Nvidia, reported net income of $11.6 billion. Its CFO said this was supported by "strong demand" for its advanced chips.