TSMC Expects Annual Revenue of $10 Billion From US Chip Plants; Apple to Use New Chips, Tim Cook Says

TSMC on Tuesday said that it expects an annual revenue of $10 billion (roughly Rs. 82 crore) from its chip fabrication plants in the US. The Taiwan-based chipmaker said that the first fabrication plant would be operational by 2024, followed by a second one in 2026 for more advanced chips.