Taiwan Semiconductor Is Expanding Manufacturing in the U.S.

The world's largest contract chipmaker, Taiwan Semiconductor (NYSE: TSM), announced last week that is expanding its manufacturing footprint within the U.S., in line with rumors that surfaced in recent days. The new facility will be built in Arizona, and TSMC says it received support for the project from the U.S. federal government as well as the State of Arizona.

Here's what investors need to know.

Image source: Taiwan Semiconductor Manufacturing.