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TSMC’s second semiconductor plant in Arizona delayed
TSMC has confirmed a setback with its second plant in Arizona delayed by up to two years whilst the company is still waiting
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. Incumbent US President Joe Biden passed the Chips and Science Act into law more than one year ago but the legislation aimed to inject billions of dollars toward the likes of TSMC and Intel for further US expansion has yet to yield any subsidies. The situation is likely to be a source of frustration for the iconic chipmaker given that TSMC has already received funds from the Japanese government for a lesser project in Kumamoto, which was unveiled after the Arizona plan.
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