Taiwan Semiconductor Manufacturing Company (TSMC) has hit another milestone, breaking ground on its third Arizona semiconductor fabrication facility.

TSMC announced in May 2020 that it planned to build a semiconductor factory in Arizona. That quickly expanded to two factories, and now the company is breaking ground on its third. The groundbreaking comes on the heels of TSMC’s commitment to invest $100 billion in the US.

In a press release commemorating the event, US Commerce Department says the $100 investment will create tens of thousands of jobs, as well as thousands of permanent tech jobs.

TSMC’s additional $100 billion investment is also expected to create 40,000 construction jobs over the next four years, tens of thousands of high-paying, high-tech jobs, and drive over $200 billion in indirect output across Arizona in the coming decade.

“We were delighted to welcome U.S. Secretary of Commerce Howard Lutnick to TSMC Arizona, the largest single foreign direct investment in U.S. history, and showcase the progress of our operation as he commemorates the first 100 days of the White House administration,” said TSMC Chairman and CEO Dr. C.C. Wei. “As part of our commitment to support the needs of America’s leading innovators in smartphones, HPC and AI, we recently broke ground on our third fab, which will introduce more advanced semiconductor capacity to the United States. We are grateful for the Secretary’s commitment to supporting the advanced semiconductor manufacturing ecosystem.”

The CEOs of Apple, Nvidia, and AMD also expressed their support.

“We’re proud to support the high-skilled American jobs of tomorrow,” said Apple CEO Tim Cook. “As TSMC Arizona’s first and largest customer, we’re excited for the future of American innovation and the incredible opportunities it will create.”

“AI is revolutionizing every aspect of the technology stack, and NVIDIA AI supercomputers are at the foundation,” said Jensen Huang, founder and CEO of NVIDIA. “We’re proud to produce our technology in Arizona, bringing AI infrastructure manufacturing back to America. The administration’s support for U.S. manufacturing makes this possible—and vital—for the next industrial revolution.”

“High-performance chips are essential to U.S. innovation and economic growth. As one of the first and largest HPC customers for TSMC’s Arizona Fab, we’re proud to begin production of our leadership 5th Gen AMD EPYC server processors later this year,” said Dr. Lisa Su, chair and CEO of AMD. “This collaboration reflects our deep commitment to strengthening U.S. leadership in semiconductor design and advanced manufacturing.”