TSMC Delays Start of Production at Arizona Chip Plant to 2025 Due to Labor Shortages

TSMC announced its Arizona chip fabrication plant has been delayed to early 2025 from late 2024 due to a shortage of skilled workers.
The company reported slower revenue growth and falling profits in Q2 2022 due to decreased demand for chips used in consumer electronics.
TSMC is sending technicians from Taiwan to Arizona to help train local workers in chip fabrication.
The Biden administration aims to expand US chip manufacturing through subsidies in the CHIPS Act, but faces challenges finding qualified labor.
TSMC's customers like Apple, Nvidia, and AMD are impacted by the delay in domestic chip production.