To put that into scale, here's some quotes from TSMC's Wikipedia article[0]:
> In November 2020 officials in Phoenix, Arizona in the United States approved TSMC's plan to build a $12 billion chip plant in the city. [...] In 2021, news reports claimed that the facility may be tripled to roughly a $35 billion investment with six factories.
> In November 2021, TSMC and Sony announced that TSMC would be establishing a new subsidiary named Japan Advanced Semiconductor Manufacturing (JASM) in Kumamoto, Japan. [...]. The initial investment will be approximately $7 billion with Sony investing approximately $500 million for a less than 20% stake.
When you're committing to $42B of investments, $28.4B doesn't seem like all that much to have on hand.
> In November 2020 officials in Phoenix, Arizona in the United States approved TSMC's plan to build a $12 billion chip plant in the city. [...] In 2021, news reports claimed that the facility may be tripled to roughly a $35 billion investment with six factories.
> In November 2021, TSMC and Sony announced that TSMC would be establishing a new subsidiary named Japan Advanced Semiconductor Manufacturing (JASM) in Kumamoto, Japan. [...]. The initial investment will be approximately $7 billion with Sony investing approximately $500 million for a less than 20% stake.
When you're committing to $42B of investments, $28.4B doesn't seem like all that much to have on hand.
https://en.wikipedia.org/wiki/TSMC
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