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Benzinga

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Anusuya Lahiri

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

Apple TSM TSMC Arizona NYSE Samsung Taiwan Semiconductor Manufacturing Co Ltd United States

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.

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