TSMC may have dodged Trump tariffs but lawsuit over ‘anti-American’ practices presses on
TSMC, the world's leading semiconductor manufacturer, appears to have strategically mitigated potential tariffs by announcing a massive US$100 billion investment in Arizona. This move, involving the construction of five factories, aligns with the "Make-in-America" initiative and could help the company avoid tariffs of up to 100% that have been threatened. TSMC is already investing heavily in Arizona, including two additional factories and a semiconductor fabrication facility, supported in part by subsidies from the Chips and Science Act of 2022.
However, this significant investment announcement coincides with a legal battle where TSMC is accused of "anti-American" workforce practices. The accusations include discrimination and hostility towards non-East Asian employees, as well as allegations of sexual misconduct. While TSMC denies these claims, and some employees have voiced their support for the company, the legal proceedings are set to begin next month and could potentially overshadow the company's efforts to expand its advanced chip production in the United States.
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TSMC, the world's leading semiconductor manufacturer, appears to have strategically mitigated potential tariffs by announcing a massive US$100 billion investment in Arizona. This move, involving the construction of five factories, aligns with the "Make-in-America" initiative and could help the company avoid tariffs of up to 100% that have been threatened. TSMC is already investing heavily in Arizona, including two additional factories and a semiconductor fabrication facility, supported in part by subsidies from the Chips and Science Act of 2022.
However, this significant investment announcement coincides with a legal battle where TSMC is accused of "anti-American" workforce practices. The accusations include discrimination and hostility towards non-East Asian employees, as well as allegations of sexual misconduct. While TSMC denies these claims, and some employees have voiced their support for the company, the legal proceedings are set to begin next month and could potentially overshadow the company's efforts to expand its advanced chip production in the United States.
via SCMP Full Text Feed
