By news@appleinsider.com (William Gallagher) The US Commerce Department is awarding iPhone processor manufacturer TSMC $6.6 billion and providing low-cost loans, for a third fabrication plant in Arizona.TSMC’s headquarters in Hsinchu, TaiwanTaiwan Semiconductor Manufacturing Co (TSMC) is the manufacturer of the processors in Apple’s iPhones, iPads, and Macs. While the majority of its manufacturing continues to take place in Taiwan, TSMC has also been creating other plants in places such as Germany and especially in Arizona.According to Reuters, TSMC has agreed to expand that Arizona investment in order to build a third fabrication plant by 2030. It involves TSMC again increasing its US investment, this time by a further $25 billion to $65 billion. Continue Reading on AppleInsider | Discuss on our Forums

Source:: Apple Insider