TSMC and Intel Navigate Through Challenges in U.S. Expansion
It's Not So Easy To Grow
TSMC's Arizona Plant
Taiwan Semiconductor Manufacturing Co. (TSMC) is confronting challenges with its $40 billion plant in Arizona, a key element of the US CHIPS Act. The project, which is experiencing cost overruns and a delayed production timeline until 2025, is under scrutiny as nearly half of the plant's workforce is from Taiwan, despite its initial aim to boost American employment. TSMC Chair, Mark Liu, describes the Arizona venture as a "first trial" for overseas expansion, intending to produce 60,000 wafers per month.
However, unexpected construction costs and questions about the quality of the chips to be produced have cast a shadow over this vital part of the US CHIPS Act. TSMC remains a significant entity in the Semiconductors & Semiconductor Equipment industry despite these challenges. More details can be found in the original article here.
Intel's Ohio Plant:
Intel's semiconductor chip factories, a $20 billion project in Licking County, Ohio, represent the largest single private-sector investment in Ohio's history. While promising to create thousands of jobs and reshape the region, the project also brings challenges to local residents, including noise, traffic disruptions, and other construction-related issues.
The massive requirements for transportation, water, and power have propelled Franklin and Licking county officials into overdrive, aiming to meet these needs ahead of the anticipated 2025 opening.
Intel is relying on this plant in central Ohio to help it regain ground against competitors in the technology that underpins our daily lives. The project is not without its challenges, especially for those living near the construction site and those who felt compelled to sell generational properties.
The episode from "All Sides," which originally aired on September 6, 2023, provides a progress report on Intel and can be accessed here.
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