TSMC Plans $40 Billion U.S. Investment As President Biden Visits Arizona Chip Factory

URLhttps://www.thestreet.com/markets/tsmc-plans-40-bi
SourceThe Street
Date Published12/06/2022
Author NameMartin Baccardax
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Taiwan Semiconductor Manufacturing Co
Parent companyTaiwan Semiconductor Manufacturing Co.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1600
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Capital investment ($):12000
Country(ies) from which reshored:Taiwan, Province of China
City reshored to:Phoenix
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductor chip
What non-domestic negative factors made offshoring less attractive?Emergency air freigh, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Other, Covid
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