Read Why TSMC's US Chip Plant Construction Falls Behind Schedule

  • Taiwan Semiconductor Manufacturing Co Ltd's TSM advanced chip plant debut in the U.S. is three to six months behind schedule, Nikkei Asia reports.
  • TSMC planned to move in chip production equipment by around September 2022 but decided to postpone to around February or March 2023.
  • The deferral was mainly due to labor shortage, the on-and-off surge of COVID-19 infections in the U.S., complicated processes for obtaining the different types of licenses needed for construction.
  • TSMC can often reach the equipment move-in phase for new plants in Taiwan in around 15 months and, in some cases, as little as 12 months.
  • After installing the equipment, it can take up to a year for production lines to be qualified and production ramped up.
  • TSM admitted that production at the U.S. plant will not start until the first quarter of 2024. 
  • Unfamiliarity with a new geography, competition from Intel Corp INTC for workers, supply chain concerns continue to pinch TSMC along with limitations of management capability and higher unit cost of making chips in the U.S.
  • Price Action: TSM shares traded higher by 3.73% at $124.24 on the last check Tuesday.

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