First quarter revenue totaled $52.3bn

Updated rules set to come into force in July

But CEO Pat Gelsinger says company is “right on track”

New fabs will create 70,000 jobs across the three sites

The company’s former chief business officer has been given the top job

New fab expected to be completed by November 2025

Ten research facilities and universities have acquired the sanctioned chips through domestic resellers

Aims to establish country as leader in semiconductor design

Internal task force has already been established to spearhead research

Partnership will see SK Hynix adopt TSMC’s foundry processes for next-generation HMB production

Funding will be split between five companies

Chinese server manufacturer accused of violating five HPE patents

Net bookings for the company were also down

Chips will be based on RISC-V architecture

The facilities will be split across the cities of Taylor and Austin

Japanese government-backed venture sets up in Silicon Valley

Company looking to hire veteran chip workers to staff the facility

Storage and data management company Kove first filed lawsuit against AWS in 2018

State aims for leadership position on GaN semiconductors

Microchip makes more moves to shore up its supply chain

US government asked allies to stop domestic chip companies maintaining equipment in China

Funding confirmation comes week after TSMC confirmed Arizona site was now ahead of schedule

Company’s second-generation MLSoC due for release in 2025

Facility to be located in Surakarta, central Java