TSMC expects good outcome for US fab plans

There's a political drive in both the US and Europe to get more domestic chip production, to reduce geopolitical risks, and regain lost ground. The US has set a goal of boosting its domestic chip production and companies like Intel and TSMC are eager to set up new production capacity in exchange for the right incentives.

Earlier this week, there was a virtual summit with the White House. Intel CEO Pat Gelsinger pushed for a moonshot-like effort to make the US account for a third of global chip output -- up from only 12 percent today.

TSMC chairman Mark Liu also took part in this meeting and said he is confident about the foundry's US fab project. TSMC currently has plans to set up production capacity in Arizona.

TSMC reiterates commitment to US fab project: TSMC chairman Mark Liu, who participated in a virtual summit hosted by the Biden administration to discuss global chip shortages and the US plan to rebuild its semiconductor manufacturing edge, has reiterated the Taiwan-based foundry house's commitment to building an advanced wafer fab in the US.

Previously, TSMC warned goals from the US and Europe to become self-sufficient in terms of chip production are not very realistic. Of course, foundries will be happy to set up shop if the economic incentives are high enough, but TSMC warned this could result in a lot of "uneconomic" production capacity.