The Taiwan Semiconductor Manufacturing Co. is officially producing advanced manufacturing chips in Phoenix, the company confirmed on an overnight earnings call. Why it matters: According to U.S. Commerce Secretary Gina Raimondo,

Apple's first batch of 'Made in USA' chips from TSMC Arizona are in the 'final test stage' chips being tested against 'Made in Taiwan' variants.

Taiwan Semiconductor Manufacturing Co has begun producing advanced four-nanometer chips for U.S. customers in Arizona, Commerce Secretary Gina Raimondo told Reuters, a milestone in the Biden administration's semiconductor efforts.

After four years of planning, TSMC is now finally going to make older iPhone processors in the US, but it's not and never will be a true return to American manufacturing.

Apple is already testing the initial batch of processors produced for its devices by TSMC Arizona, reports Nikkei Asia. To begin with, the tests intend to compare the Arizona output to see if the quality is similar to chips produced in TSMC’s cutting-edge fabs in Taiwan.

TSMC's chip foundry in Arizona is not just making one Apple chip, as a second Apple design is reportedly now in production at the facility.