In 2020, TSMC announced a planned fab in Arizona, USA, intended to begin production by 2024 at a rate of 20,000 wafers per month. As of 2020, TSMC announced that it would bring its newest 5 nm process to the Arizona facility, a significant break from its prior practice of limiting US fabs to older technologies. However, the Arizona plant will not be fully operational until 2024, by which time the 5 nm process is projected to be replaced by TSMC's 3 nm process as the latest technology. At launch it will be the most advanced fab in the United States. TSMC plans to spend $12 billion on the project over eight years, beginning in 2021. It will create 1,900 jobs directly.