Friday, 21 July, 2023

TSMC's Arizona Chip Factory Faces Delay, Impacting Q2 Earnings Report

Taiwan Semiconductor Manufacturing Company (TSMC) reported a delay in the construction of its chip manufacturing plant in Arizona, which affected its Q2 earnings report. The company cited construction setbacks as the reason for the delay in the $12 billion facility. TSMC's investment in the US-based plant is seen as a strategic move to bolster chip production capabilities amid the global semiconductor shortage, but the delay may have implications for the overall supply chain.