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Major Apple supplier TSMC’s American expansion plans advance; CEO cites ‘warm’ talks with President Trump

MacDailyNews

Jun 3

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Taiwan Semiconductor Manufacturing Co. Chief Executive Officer C. C. Wei reaffirmed TSMC’s commitment to spend another $100 billion to ramp up manufacturing in Arizona over the next half-decade and highlighted productive discussions with American President Donald Trump.

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Taiwan Semiconductor Manufacturing Co. Chief Executive Officer C. C. Wei blamed worsening traffic snarls for slight delays in expanding its base in southwest Japan, highlighting some of the snags in Tokyo’s signature chipmaking project.
He stressed productive discussions with US President Donald Trump, although Wei also said he told Trump that it will be “very, very difficult” for TSMC to complete the massive buildout in five years due to a shortage of skilled labor and the minimum required construction period.
Trump was warm in their exchange, Wei told reporters after hosting a shareholders’ meeting in Hsinchu, Taiwan, on Tuesday. “He said, ‘Do your best, that’s enough,’” Wei said.
The twin projects embody TSMC’s impetus to produce abroad as geopolitical tensions rise and demand grows for Nvidia Corp. chips essential for developing AI. TSMC has long operated mostly from its home turf of Taiwan but built a plant in Japan after securing a raft of commitments and incentives from Tokyo. It then announced plans to dramatically increase its US investment days after Trump took office.
The world’s largest contract chipmaker sits at the heart of that technology supply chain, producing cutting-edge chips for Apple Inc.’s iPhones [and Macs, iPads, Apple TVs, and other products] and Nvidia’s AI servers.

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MacDailyNews Note: At the end of April, Major Apple supplier TSMC hosted U.S. Secretary of Commerce Howard Lutnick in Phoenix, Arizona where the company broke ground on its third fab facility in Arizona to mark the 100th day of Trump administration.

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[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

The post Major Apple supplier TSMC’s American expansion plans advance; CEO cites ‘warm’ talks with President Trump appeared first on MacDailyNews.

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