Semiconductors

High Cost, ‘Unmanageable’ US Staff Plague TSMC in Arizona – NYT

 

Employees at TSMC are increasingly sceptical of the company’s $40 billion Arizona investment as the Taiwanese chipmaker faces exorbitant costs and managerial issues in US operations, The New York Times reported.

While TSMC’s attempt to diversify in the US comes in the midst of rising threats from China’s military, the move is only causing ‘more tensions’, the report said. Some staff told NYT the chipmaker is facing five to ten times higher operational costs in the US, compared with Taiwan. Others said they were reluctant to move to the US due to “potential culture clashes” and concerns around “difficult to manage” American workers.

Read the full story: NYT

 

Also read:

TSMC Dumped by Several Funds Including Buffett’s Berkshire

TSMC More Than Triples Arizona Investment to $40 Billion

China War Risk Sees Taiwan’s TSMC Moving Fabs to US, Japan

TSMC Not Leaving, Says Taiwan as Arizona Factory Fuels Worry

Apple to Use TSMC’s US-Made Microchips, Says Tim Cook – CNBC

 

 

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at vishakha.saxena@asiafinancial.com

Recent Posts

Investors Suspect Beijing Behind Controlled Yuan Decline

The currencies of China's trading partners have weakened faster than the yuan recently, eroding the…

15 hours ago

Shimao Bondholders Group to Vote Against Debt Revamp Plan

The creditors’ opposition to the proposal could be a major problem for the ailing property…

17 hours ago

China’s Country Garden ‘Hires Kroll For Liquidation Assessment’

Sources say China's biggest developer, which went into default in October with debts of $190…

20 hours ago

Xi to Visiting Dutch PM: No One Can Stop China’s Tech Progress

The Chinese president also warned his Dutch counterpart against restricting chip ties with Beijing, amid…

20 hours ago

Alibaba Ditches Cainiao IPO, Offers to Buy Remaining Shares

The e-commerce giant has abandoned plans to list its cross-border logistics unit and is offering…

21 hours ago

China ‘Closing Gap’ on US in Quantum Technology Race – SCMP

China leads the world in the number of patents filed for quantum computing technology but…

21 hours ago