EXCLUSIVE TSMC looks to double down on U.S. chip factories as talks in Europe falter

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Taiwan Semiconductor Manufacturing Co (2330.TW) is weighing plans to pump tens of billions of dollars more into cutting-edge chip factories in the U.S. state of Arizona than it had previously disclosed, but is cool on prospects for an advanced European plant, people familiar with the matter told Reuters.

Intel has also committed to two more new fabrication plants, or fabs, in Arizona, while Samsung is planning a $17 billion factory adjacent to an existing facility in Austin, Texas.

European chip and auto companies, for their part, are mostly lined up against the idea. They would prefer subsidies for the older-generation chips that are heavily used by car manufacturers and are in short supply. TSMC declined to comment on specific details of its Arizona plans, but its Chief Executive CC Wei last month said that "further expansion is possible" after an initial phase. He said the company would gauge efficiency at the site and customer demand and decide on the next steps.

 

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