TSMC's Arizona Chip Factory Delayed, Impacting US Production and Apple Supply Chain
Taiwan Semiconductor (TSMC) has announced a delay in the start of chip production at its Arizona factory, dealing a blow to President Biden's efforts to bring more chip manufacturing to the US. The delay is attributed to a shortage of skilled workers with the necessary expertise for equipment installation in a semiconductor-grade facility. TSMC now plans to begin production in 2025 instead of next year. The company also forecasted a 10% drop in sales this year due to slower demand for semiconductors. The US has been investing billions of dollars to boost its semiconductor industry amid an ongoing trade dispute with China.