News TSMC delays 3nm Arizona fab by a year, cites lack of U.S. subsidies and waning demand

[Admin]

TSMC's Fab 21 Phase 2 deployment to be delayed to 2027 or 2028 due to demand and government subsidies.

TSMC delays 3nm Arizona fab by a year, cites lack of U.S. subsidies and waning demand : Read more

 

[stonecarver]

TSMC Might Bring 3nm Production to U.S. Nov 9,2022

TSMC Commits to $40 Billion Investment of Arizona Fab With 3nm by 2026 Dec 6,2022

TSMC Postpones Mass Production at Arizona Fab to 2025 Jul 20.2023

US government doles out paltry $35 million of the $52 billion CHIPS Act, warns of possible delays in Intel and TSMC fab buildouts Dec 12,2023

TSMC and Arizona labor unions come to agreement, fab construction back on track Dec 7,2023

TSMC delays 3nm Arizona fab by a year, cites lack of U.S. subsidies and waning demand Jan 18,2024
Seems like a patern when you do the quick view of just the headlines.
The current planning [for the fab] is '27 or '28, that will be timeframe."
Also didn't the head guy from TSMC on that project get fired or retire recently.

Fingers crossed it all works out in the end.

 

[JTWrenn]

I get why we do it...but I am really sick of so many industries sucking on the teet of our tax dollar while their owners get rich. Not just a little rich, crazy rich. Especially when they are not a company from the country giving out the subsidies. Screw them, give it all to Intel, or better yet, cut out all these giant conglomerate subsidies and give them to the middle class.

 

[tamalero]

I get why we do it...but I am really sick of so many industries sucking on the teet of our tax dollar while their owners get rich. Not just a little rich, crazy rich. Especially when they are not a company from the country giving out the subsidies. Screw them, give it all to Intel, or better yet, cut out all these giant conglomerate subsidies and give them to the middle class.

Giving it all to intel will not secure the actual speeding up and building imho.

Not the first time companies have had subsidies or monetary pushes just to pocket the money and put it to inflate returns for the leaderships and top investors.

 

[punkncat]

I get why we do it...but I am really sick of so many industries sucking on the teet of our tax dollar while their owners get rich. Not just a little rich, crazy rich. Especially when they are not a company from the country giving out the subsidies. Screw them, give it all to Intel, or better yet, cut out all these giant conglomerate subsidies and give them to the middle class.

Understanding that all said these numbers seem so massive from our pedestrian view. This "giveaway" is actually going to create a site where large numbers of skilled and well paid employees will be paying taxes, as well as the taxes on the propery, various uses, utilities, the surrounding area when the growth inevitably happens. It is easy to sit back and "poop"can decisions like then when only looking at the narrow blinders "what is in my wallet" view, rather than the overall picture.

This investment will more than pay off if they can keep their stuff together long enough to see it through.

 

[tamalero]

Understanding that all said these numbers seem so massive from our pedestrian view. This "giveaway" is actually going to create a site where large numbers of skilled and well paid employees will be paying taxes, as well as the taxes on the propery, various uses, utilities, the surrounding area when the growth inevitably happens. It is easy to sit back and "poop"can decisions like then when only looking at the narrow blinders "what is in my wallet" view, rather than the overall picture.

This investment will more than pay off if they can keep their stuff together long enough to see it through.

It does not in many cases. See the scams of Amazon warehouses.
Where many of the promised jobs never materialize, most jobs ends being menial low paying jobs and the land ended being "gifted for pennies".

 

[punkncat]

It does not in many cases. See the scams of Amazon warehouses.
Where many of the promised jobs never materialize, most jobs ends being menial low paying jobs and the land ended being "gifted for pennies".

It is not at all unusual for large entities to get enticing tax breaks for moving a logistics hub, warehouse, offices and so forth into an area. There is a much larger picture here than to focus specifically on the subsidies.

 

[tamalero]

It is not at all unusual for large entities to get enticing tax breaks for moving a logistics hub, warehouse, offices and so forth into an area. There is a much larger picture here than to focus specifically on the subsidies.

My point that there has been many companies who have abused these subsidies and done nothing back.

Anyone remembers the cable companies too? got who knows how many millions with the push to improve their networks. They did nothing and passed the money as bonuses to high executives and leadership.

 

[JTWrenn]

Giving it all to intel will not secure the actual speeding up and building imho.

Not the first time companies have had subsidies or monetary pushes just to pocket the money and put it to inflate returns for the leaderships and top investors.

Very true but it is the lowest bar I would think to simply say subsidies only for the country of origin producer, but really it is all a race to the bottom. As long as one idiot country does this all the idiot countries have to do this or the facilities go elsewhere.

So as I said I get why they do it, but it is all a horrible syphon for the rich to get richer and profits go way up while inflation marches on.