06:53 AM EDT, 10/25/2024 (MT Newswires) -- Taiwan Semiconductor Manufacturing ( TSM ) has achieved early production yields at its new Arizona plant that exceed those of similar facilities in Taiwan, Bloomberg reported Friday.

The share of usable chips produced in Phoenix is about four percentage points higher than in Taiwan, Rick Cassidy, president of TSMC's US division told listeners on a webinar Wednesday, according to Bloomberg.

A TSMC spokesperson did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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