TSMC started constructing its US$12 billion production plant in Phoenix last year after announcing the project in May 2020. On Tuesday, the  Taiwanese firm will hold a tool-in ceremony for the plant to be attended by US President Joe Biden. Photo: TSMC
TSMC started constructing its US$12 billion production plant in Phoenix last year after announcing the project in May 2020. On Tuesday, the Taiwanese firm will hold a tool-in ceremony for the plant to be attended by US President Joe Biden. Photo: TSMC
Taiwan

‘No secret US deal’: Taiwan minister denies TSMC’s American plant will chip away at island’s semiconductor dominance

  • Joseph Wu, responding to queries in legislature meeting, dismisses speculation that TSMC’s Arizona plant was the result of US pressure
  • He blames Beijing for spreading fear within Taiwan of a so-called hollowing-out effect of its chip industry

TSMC started constructing its US$12 billion production plant in Phoenix last year after announcing the project in May 2020. On Tuesday, the  Taiwanese firm will hold a tool-in ceremony for the plant to be attended by US President Joe Biden. Photo: TSMC
TSMC started constructing its US$12 billion production plant in Phoenix last year after announcing the project in May 2020. On Tuesday, the Taiwanese firm will hold a tool-in ceremony for the plant to be attended by US President Joe Biden. Photo: TSMC
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