A term sheet from TSMC shows that the chip giant has raised $3.5 billon in bonds for its new plant in Arizona.

TSMC, the world’s largest contract chip-maker, has commenced constructing a chip plant at Arizona last year. It intends to spend $12 billion to build the computer chip factory.

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Tags: Arizona, bonds, chip giant, chip plant, computer chip factory, contract chip maker, financing, new plant, term sheet, TSMC