This Major Apple Supplier Raises $3.5B In Bonds For Arizona Chip Plant

• Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) raised $3.5 billion in bonds for its new plant in the U.S. state of Arizona, Reuters reports.
• The primary Apple Inc (NASDAQ:AAPL) supplier and leading contract chip-maker started construction at the Arizona site in 2021.
• Also Read: TSMC Scores In Q1 Thanks To Apple, Samsung
• TSMC looks to spend $12 billion to build a computer chip factory in Arizona.
• TSMC reported a Q1 EPS of $1.40, beating the consensus of $1.33. TSMC's revenue of $17.57 billion beat the consensus of $17.31 billion.
• Price Action: TSM shares are trading higher by 0.96% at $100.40 premarket on the last check Wednesday.