President Joe Biden's plan to expand America's command of the global chips market hit another setback Thursday when Taiwan Semiconductor Manufacturing Company (TSMC) Chairman Mark Liu announced that he anticipates significant delays at the company's second chips plant in Arizona.
This news follows previous delays announced last year at TSMC's first chips plant, which Liu partly blamed on US workers lacking specialized skills. At Thursday's news conference, Liu "reiterated" those complaints, Bloomberg reported, claiming that TSMC is still struggling to hire skilled workers in Arizona.
According to Liu, TSMC's second Arizona plant—which is supposed to become the most advanced facility in the US—likely won't start volume production of advanced chips until 2027 or 2028. That's potentially two years longer than initial projections suggesting that production would start in 2026.
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