What They Say
Nikkei reports that TSMC is aggressively recruiting over 600 engineers and executives for what will be its first U.S. plant in 20 years. The company plans to invest $12 billion in the US. According to the company, a task force of more than 300 current employees and managers with experience in developing and producing 5-nanometer chips will be dispatched to help get the plant off the ground.
The firm plans to train 300 young engineers in Tawian for around a year of training before sending them to the US.
TSMC said construction of the Arizona factory will start next year and production will begin in 2024. The plant will eventually create more than 1,600 jobs directly and thousands of indirect jobs for the semiconductor ecosystem, the company said.
What We Think
I know that this is not a display story, but shows the impact of government actions on the direction of industry. Samsung is also boosting its US chip production. If the chips are made in the US, there is an increasing, if not large, chance that displays might follow, although flexible OLEDs should be very cheap to ship compared to the value. (BR)
