TSMC: Chip giant delays Arizona production in blow to Biden - BBC News

Taiwan-based TSMC says semiconductors manufacturing at its Arizona plant will no longer begin in 2024.

8 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, President Biden at TSMC's Arizona factoryBy Annabelle LiangBusiness reporterChipmaking giant Taiwan Semiconductor (TSMC) has delayed the start of production at its factory in the US state of Arizona, in a setback to President Biden's technology ambitions.

The firm says chip manufacturing will no longer start next year, due to a shortage of skilled workers.

The White House has laid out plans to bring more chip production to the US.

It comes as an ongoing trade row centred on the technology intensifies between Washington and Beijing.

TSMC's shares closed more than 3% lower in Taiwan on Friday.

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