TSMC's $265B US fab pledge is the outline of a concept of a plan
Beware of fab makers bearing press releases
Talk is cheap and TSMC’s plan to bolster its US expansion by another $100 billion is just that — talk.
Riding high on yet another quarter of AI-fueled sales, which topped $40 billion, Taiwanese foundry giant TSMC announced plans this week to increase its US fab footprint to 12 facilities, totaling $265 billion of investment.
But making good on that promise is easier said than done, and if history tells us anything, it’s that plans change.
As you may recall, Intel invested $30 billion to build a pair of new fabs in Arizona, and also planned to spend €30 billion on a megafab in Magdeburg, Germany; $25 billion on a fab in Israel; and $20 billion on a manufacturing plant in Ohio.
So far, only one of the Arizona plants has materialized. The German facility has been cancelled, the Israel...
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