Taiwan Semiconductor Manufacturing Company (TSMC) has confirmed a setback with its second plant in Arizona delayed by up to two years, while the company is still waiting on certainty over US government grants. It is another blow for the $40 billion site after news broke in July that the first factory will not be up and running until 2025, as reported by Bloomberg. TSMC, the world’s largest semiconductor chip foundry, is aiming to start second phase operations in 2027 or 2028, which is also a disappointment to the Biden administration in the White House in its aspirations to boost the manufacturing of key components on US soil. The first site will only commence the production of 4-nanometer chips next year with labor and cost factors cited by the company in the announcement last year. “Our overseas decisions are based on customer needs and the necessary level of government subsidy, or support,” stated chairman Mark Liu. At TSMC’s earnings conference in Taipei on Thursday, its chief financial officer Wendell Huang added the decision on the second factory comes as a consequence of delays to the first plant. Delays to US government funding Taiwan’s flagship company is locked in talks with the US government on incentives and tax credits, whilst still facing challenges in hiring its workforce.
Similar Stories to Tsmc’c Second Semiconductor Plant In Arizona Delayed on Bing News
Graeme Hanna, ReadWriteWeb
Thu, 01/18/2024 - 10:35am
Topics: taiwan semiconductor manufacturing company tsmc july bloomberg white house our mark liu at tsmc s taipei wendell huang delays taiwan s incumbent us president joe biden chips science act intel japanese kumamoto arizona production image tsmc c readwrite tsmc tsmc tsmc biden us japan government year site years grants decisions factory
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