Chipmaking giant
Taiwan Semiconductor (TSMC) has delayed the start of production at its factory
in the US state of Arizona, in a setback to President Biden's technology
ambitions.
The firm says
chip manufacturing will no longer start next year, due to a shortage of skilled
workers.
The White House
has laid out plans to bring more chip production to the US.
It comes as an
ongoing trade row centred on the technology intensifies between Washington and
Beijing.
TSMC's shares
closed more than 3% lower in Taiwan on Friday.
On Thursday,
TSMC Chairman Mark Liu said production of advanced microprocessors at its
Arizona factory in the south west of the US would now begin in 2025.
During an
earnings presentation, Mr Liu said the plant, which has been under construction
since April 2021, faced a shortage of workers with the "specialised
expertise required for equipment installation in a semiconductor-grade
facility."
He added that
the firm was "working to improve the situation, including sending
experienced technicians from Taiwan to train the local skilled workers [in the
US] for a short period of time".
TSMC also
forecast a 10% drop in sales this year, because of slower demand for
semiconductors.
The company said
its profits fell by around 23% to 181.8bn Taiwanese dollars ($5.8bn; £4.5bn) in
the three months to the end of June, compared to the same time last year.
TSMC first
announced plans to build a facility in Arizona in 2020, during the presidency
of Donald Trump.
In December last
year, the firm said it would more than triple its
investment in the project to $40bn (£31.1bn). This marked one of the
largest foreign investments in American history.
At that time, Mr Liu said the first of TSMC's two semiconductor production facilities at the Arizona plant would be operational by 2024, with the second coming online by 2026.
A long-running
technology dispute has seen the US impose a series of measures against China's
chipmaking industry, while investing billions of dollars to boost America's
semiconductor industry.
The US produces
around 10% of the global supply of computer chips, which are key to everything
from cars to mobile phones. In 1990 the country accounted for almost 40% of
global production.
Last year, President Biden signed
legislation committing $280bn to high tech manufacturing and
scientific research in the US.
AThe investment included tax breaks for companies that built computer chip
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By Annabelle Liang || Business reporter
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