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☆ TSMC's stalled Arizona chip factory is 'well on track' to start production next year — and it'll be charging more for US-made chips
▼ + stars: | 2024-04-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Last year, Taiwan Semiconductor Manufacturing Company reported its first profit decline in four years. The company said engineering wafer production began at the factory in April, an important step toward the eventual chip production. Last July, TSMC announced that chip production for the first factory would be postponed from 2024 to 2025. Barring further setbacks, TSMC's update could mean the first factory will begin production of chips in 2025. This funding could be particularly important for TSMC, given the cost of factory construction and chip manufacturing can differ between the US and Taiwan.

Persons: —, TSMC, Biden, Joe Biden, — TSMC, Dylan Patel, SemiAnalysis, that's, Morris Chang, C.C, Wei Organizations: Service, Taiwan Semiconductor Manufacturing Company, Business, Biden, Financial Times Locations: Taiwan, Arizona, Phoenix, Japan, Germany

☆ TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
▼ + stars: | 2024-04-18 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the first quarter, thanks to continued strong demand for advanced chips, particularly those used in AI applications. The firm guided first-quarter revenue to be between $18 billion and $18.8 billion. The continued demand for advanced chips, particularly those used in AI applications, is a positive sign for both the short and long term. "TSMC's net profit margin continues to be one of the highest in the company's history at 40%, against an industry average of 14%, demonstrating TSMC's strong competitive position.

Persons: Amber Wang, Brady Wang, TSMC, Grzegorz Drozdz Organizations: Taiwan Semiconductor Manufacturing Company, Center, Nvidia, Apple, Counterpoint Research, Research, Samsung Foundry Locations: Hsinchu, AFP, Taiwan, U.S, Arizona

☆ It's not just Nvidia: The AI boom could create semiconductor jobs across the US and reduce reliance on risky Taiwan
▼ + stars: | 2024-02-29 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

The demand for Nvidia's AI chips could bolster job growth across the semiconductor industry. It could also help bring more semiconductor chip manufacturing stateside and reduce the US's reliance on Taiwan — which remains vulnerable to Chinese invasion that would wreak havoc on the global economy. AdvertisementEven without the AI boom, the semiconductor industry was already poised for big job gains in the near future. Of the 115,000 US new semiconductor jobs the Semiconductor Industry Association is projecting by 2030, it said roughly 67,000 of these positions risk going unfilled given current college degree completion rates. In an effort to prevent a worker shortage, community colleges and universities across the country have partnered with semiconductor companies.

Persons: —, Pat Gelsinger, It's, who've, TSMC, Syed Alam, Ed Kaste, GlobalFoundries, Mark Muro, Muro, Jensen Huang, hasn't, Dylan Patel, SemiAnalysis, Patel, Accenture's Alam, Alam Organizations: Nvidia, TSMC, Service, Deloitte, Semiconductor Industry Association, Accenture, Meta, Intel, AMD, Brookings Institution, Samsung, Google, IBM, Lam Research, Materials, KLA Corporation Locations: Taiwan, Arizona

☆ Inside Apple’s chip lab, home to the most ‘profound change’ at the company in decades
▼ + stars: | 2023-12-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +13 min

Its most advanced silicon is primarily manufactured by one vendor, Taiwan Semiconductor Manufacturing Company. "We built what we call the unified memory architecture that is scalable across products," Srouji said. Apple's silicon team has grown to thousands of engineers working across labs all over the world, including in Israel, Germany, Austria, the U.K. and Japan. The primary type of chip Apple is developing is known as a system on a chip, or SoC. Apple's senior director of hardware validation Godfrey D'Souza shows off an M3 SoC in an Apple chip lab in Cupertino, California, on November 14, 2023.

Persons: John Ternus, Srouji, we're, Katie Tarasov, Andrew Evers, Ben Bajarin, Bajarin, Apple, Apple there's, Pro Max, Kaiann Drance, That's, who's, Ternus, Nvidia —, Tesla, Stacy Rasgon, Apple's, Godfrey D'Souza, Sydney, they've, Rasgon, Apple's Srouji, It's Organizations: AMD, MU, Apple Watch, U.S, Apple, Intel, Taiwan Semiconductor Manufacturing Company, Microsoft, CNBC, Apple's, Amazon, Google, Tesla, Semiconductor, Creative, Pro, Triple, MacBook Air, Qualcomm, Nvidia, Bernstein Research, Sydney Boyo, Bluetooth, Broadcom, Samsung, Micron, Thursday Apple Locations: Cupertino , California, Israel, Germany, Austria, Japan, Silicon Valley, San Diego, Austin , Texas, AirPods, Taiwan, China, Arizona, Peoria , Arizona, Asia, Europe, U.S

☆ TSMC's Arizona plant is delayed over poor management, not a shortage of US skilled labor, workers building it say
▼ + stars: | 2023-08-23 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +11 min

TSMC, however, has maintained that the incoming Taiwanese workers will not be a threat to US jobs. The pipe cutter said that TSMC and its key contractors were largely to blame for the management problems. After complaining about one safety issue for two straight weeks, he said, he spoke with a company safety representative. And then you go to degown, and they don't have your hanger or somebody took your hanger," the pipe cutter said. He added: "It's not like we're against the Taiwanese workers or anything.

Persons: TSMC, they're, it's, didn't, he's, —, they'd, they've, Everyone's, we're, It's, Luke Kasper, Arizona Organizations: Service, Taiwan Semiconductor Manufacturing, Arizona Pipe, Intel, New York Times, Times, American Prospect, TSMC Locations: Arizona, Wall, Silicon, chipmaker, TSMC, Taiwan, United States, degown

☆ The world's largest chipmaker promised to create thousands of US jobs. There are growing tensions over whether US workers have the skills or work ethic to do them.
▼ + stars: | 2023-08-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Differences in US and Taiwanese work culture could pose another challenge. Some TSMC workers are doubtful that Americans can adjust to the challenging work environment. It's not just a disagreement over expertise that poses risks to TSMC's Arizona chip plant. This is the work culture." It added: "We have not replaced any of our local workers with foreign workers and continue to prioritize the hiring of local workers in Arizona."

Persons: TSMC, chipmaker, It's, Morris Chang, Wayne Chiu, Fortune, they're, Mark Liu, TSMC's, Liu, chipmaker Chang, Adam Ozimek Organizations: Service, Taiwan Semiconductor Manufacturing Co, New York Times, Times, YouTube, Taiwan, Taiwan —, Brookings Institute, Arizona Pipe, Economic Innovation Group Locations: Arizona, Wall, Silicon, Taiwan, Taipei, Taiwanese, Asia, Oregon, America, Phoenix

☆ Apple supplier TSMC delays start of Arizona chip factory
▼ + stars: | 2023-07-20 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Taiwan Semiconductor Manufacturing Company will delay production at its new Arizona-based chip plant to 2025 due to a shortage of skilled labor, the company's chairman said on the company's second-quarter earnings call Thursday. Apple has said it plans to use computer chips built at TSMC's Arizona facilities. TSMC Chairman Mark Liu told analysts on an earnings call Thursday that the company does not have enough skilled workers to install advanced equipment at the facility on its initial timeline. Liu said the company is working to send trained technicians from Taiwan to train local workers to help accelerate installation. The U.S. has embarked on a major push to bring semiconductor manufacturing back stateside, including through funding the multi-billion dollar Chips and Science Act to turbocharge development.

Persons: Apple, Mark Liu, Liu Organizations: Taiwan Semiconductor Manufacturing Company, U.S, CNBC, YouTube Locations: Arizona, TSMC's Arizona, Taiwan, U.S, Phoenix

☆ State of the portfolio: What Biden's address means for 10 Club stocks from Caterpillar to Ford
▼ + stars: | 2023-02-08 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

President Joe Biden 's State of the Union address put the spotlight on multiple tailwinds that will benefit 10 Club holdings including Caterpillar (CAT) and Ford (F). Linde Linde, a longtime Club holding, supplies industrial gases needed at semiconductor manufacturing facilities, known as fabrication plants. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

TSMC's Arizona factory has sparked concerns in Taiwan, where semiconductor manufacturing is the backbone of the economy, about a "goodbye to Taiwan" trend among chip firms. "TSMC's research and development centre is in Taiwan, the complete supply chain is here," she said. "Taiwan has a complete supply chain, a complete system, and the backing of the government. Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), , as it is formally called, has repeatedly said that the bulk of its manufacturing will remain in Taiwan. It is also encouraging more foreign tech firms in the chip supply chain to invest in Taiwan.

☆ Tim Cook says Apple will use US-made chips for the first time in nearly a decade as the tech giant turns away from Asian manufacturing
▼ + stars: | 2022-12-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Apple will be sourcing chips from TSCM's Arizona plant in the US, said CEO Tim Cook. Apple is stepping up on efforts to shift production out of China, amid strict pandemic restrictions. TSCM said it's tripling its planned investment in the Arizona plant to $40 billion. TSMC's facilities in Arizona is seen as a win for the Biden administration — particularly, since the Taiwanese chipmaker said it would more than triple its planned investment into its Arizona facilities from $12 billion to $40 billion. Apple has also been grappling with Beijing's draconian pandemic restrictions, which hit iPhone production at the facilities of its major supplier, Foxconn.

☆ Biden to visit Taiwanese chip manufacturer TSMC's Arizona plant on Dec. 6-White House
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Nov 30 (Reuters) - U.S. President Joe Biden plans to travel to Taiwanese chip manufacturer TSMC’s (TGLL.UL) Arizona facility on Dec. 6, the White House said. "The President will visit TSMC and discuss how his economic plan is leading to a manufacturing boom, rebuilding supply chains, and creating good-paying jobs in Arizona and across the country," the White House said. Reporting by David Shepardson; Writing by Alexandra AlperOur Standards: The Thomson Reuters Trust Principles.

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